Condos and townhome financing gets better

    If you have been considering buying a Condo or a townhome you maybe able to do so with as little as 3% down.

    That is definitely a big change over the 20% down payment required up and tell Fannie Mae and Freddie Mac released their new 3% loan that will be starting very soon.

    Since the fall out of the real estate market had different loan programs being changed, lending restrictions becoming more difficult, we have seen that Fannie and Freddie have loosened up these 3% guidelines.

    We have also seen as condo and townhome buyers are becoming more and more mainstream.

    The problem is that single-family residences have them priced out of the real estate market.

    But there was no other type of loan program they could use to approach purchasing a condo or townhome besides one that required them to put 20% down.

    That’s a positive change today, where a real estate buyer would have had to be concerned about whether or not a particular condo or townhome community happens to be FHA approved.

    Now they can sidestep that with utilizing the Fannie or Freddie 3% down loan.

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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