WHEDA's condo appetite

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Mortgage and Lending with Brian Kludt Mortgage Team / Waterstone Mortgage

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Much to the shagrin of many local lenders, WHEDA's appetite for condos has weaned considerably.  In the rapidly changing loan environment, WHEDA appeared to be a haven for 1st time condo buyers with low down payments, allowing for as little as 5% down.  Given the rising surplus of condos , however, we are finding more and more that buyers will require a 10% down payment.  Absolutely critical that any of your pre-approved buyers or offers coming in on your condo listings are closely scruitinized.  Make sure to give me a call today if you have any 5% down condo buyers - Our parent company (Waterstone Bank) seems to be the only common-sense lender out there - We'll do everything possible to get your deal done!

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