![]() With condos and co-ops, it’s not just your creditworthiness the lender has to worry about. Verify your condo buying eligibility (Oct 7th, 2021) It must also verify the fiscal and physical health of the entire development into which you’re buying.įortunately, with the housing market doing well and condo values climbing, mortgage lenders allow looser guidelines - even low-down payment home loans.Įxpect condominium and housing cooperative financing opportunities to remain high this year. ![]() A mortgage lender who’s looking out for your best interest can help you beat the system. The most experienced and professional mortgage lenders can help you navigate the condo financing maze. They may sometimes increase your interest rate. Lenders impose a different set of rules on you when you buy a condo. ![]() Buying a condo is a lot like purchasing a “regular” home, but with one big difference - mortgages are tougher to come by.
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