Florida Condos

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Real Estate Agent with Peoples Choice Realty Services bk3007059

Ah Florida the land of Sunshine and Oranges and, oh yeah, Condos! For years developers have been tearing down the old mom and pop motels and putting in Condos. An old Cigar Factory, Condos, an old Apartment complex, Condos right well sort of, Condo conversion. Florida has become the land of condos and now we have a real big probable, banks don't want to finance them. FHA offers financing, but only on "approved" complexes. But there is a great way to get a bargain priced condo in Florida. Ask your Realtor, (hopefully me) to find you a Fannie Mae owned condo, they are usually approved for "Homepath" financing which only requires a 3% down payment and follows FHA guidelines which are not that stringent. You can still have that great location with very little maintenance and live the good life in Florida, so get out there and get one.

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