Is your Condo FHA/VA approved?
Information about how to look up if your condo is FHA and VA approved.
Tag: condos
What You Need to Know About Condos
Condos have their own set of regulations because lenders view them as a higher risk. Why? As an owner, you rely on other unit owners to maintain their places and pay condo association fees.If you plan to finance a condo and need a loan in Hampton Roads (like Virginia Beach or Norfolk) you need to know Read more about What You Need to Know About Condos[…]
Mortgage Program for Non-Warrentable Condos
Nowadays, it is nearly impossible to obtain a home loan for a non-warrantable condo. The reason: those loans cannot be sold to Fannie Mae or Freddie Mac. Due to the higher risk, most lenders will not consider these loan scenarios. Tidewater Home Funding has an investor (bank) with a mortgage product for non-warrantable condos with competitive prices.Here Read more about Mortgage Program for Non-Warrentable Condos[…]