Lowest Interest Rates When Financing FHA Approved Condos in Tampa

By
Mortgage and Lending with Bay to Bay Lending

     When financing a condo during these times it is important to keep your eye on properties that have some form of lending approval.  There are several types of approvals and really what this comes down is the ability to be able to provide as many financing options as possible.  These days when it comes to financing condos FHA is the way to go; at least in terms of loan programs designed to appeal to as many consumers as possible.  These mortgage loans require only a 3.5% minimum down payment and are among the easiest loans to qualify for.  The reason for keeping this information in mind is that when it comes to marketing or selling real estate these days it comes down to can the buyer obtain financing in the subject community.  Look across the country at condo communities that have some form of financing approval versus those communities that do not.  Values have held much stronger in communities with this approval versus those without these types of approvals.  There are also approvals in communities from Fannie Mae/Freddie Mac called PERS(Project Eligibility Review Service) approvals and VA also offers condominium community approvals.  All approvals are only for a certain timeframe and expire, requiring constant updating to keep this community approval active.  For questions on obtaining financing on FHA approved condos in Tampa please feel free to contact DJ Rondeau with any questions.

DJ Rondeau

Bay to Bay Lending, L.L.C.

501 South Dakota Ave, Suite 2

Tampa, FL 33606

813-489-5562- Office

813-480-6077- Mobile

813-464-2867- Fax

djrondeau@baytobaylending.com

www.tampafloridamortgagebroker.com

NMLS Originator ID: 218498

 

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