I recently waded back into the world of showing condos. A young teacher wants a simple condo and has limited funds for a down payment, but good credit.
Finding a FHA approved condo he might like is tough. Conventional financing? Well it can be done, but my loan officer says te
he condo association has to fill out a six page questionaire and the minimum down payment is going to be a challenge. She is an experienced loan officer and is concerned over how much more complicated the condo financing process has become.
I suggested a single family home, but I think the condo lifestyle is more what he wants. My suggestion did not help.
Anyone with good ideas on navigating the condo financing world on Active Rain?