Mike Meena with Augusta Financial talks Condo and town-home financing.
FHA and VA financing pose the largest issues. It comes down to whether the condo or town-home development is on the FHA or VA “approved list”.
If it is not, there is about a “snowballs chance in heck” of it being added during this current real estate market.
You may have been “pitched” a conventional loan. One that is less than 20% down. These have been big in the Lender’s advertising circles – talking about 3%, 5%, 10% and 15% conventional lending.
They are not going to work, for the most part, either.
When you get into the 20% realm with your down payment and are going to occupy the purchase property yourself, you should be good with 99% of the complexes in the Santa Clarita Valley Cities.
Be Safe – thanks for watching Mike’s Video with this Condo and Town-home financing update.
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