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Category: Condo

Investment Property Financing Needs a Different Mindset

If you are looking to purchase and finance an investment property, here’s what to expect: In order to qualify as a residential real estate transaction under the Real Estate Settlement Procedures Act (RESPA), an investment property must be four units or less, and it must be sold to an individual rather than a company. Conventional […]

FHA's Approved Condo List

If you are interested in buying a condo and are planning to use Federal Housing Administration (FHA) financing, make sure you check out the FHA’s Approved Condo List. It will only lend money for condominium projects that are on that list. It’s more challenging in general to get financing for condos, because associations play such […]

Considerations When Buying a Townhome or Condo

With the large number of properties that are still available at reduced prices these days, townhomes and condominiums represent excellent purchasing options:  they often offer low-maintenance living and community facilities that would usually be unavailable in single-family homes. When considering purchasing a townhome, keep in mind that there can be substantial differences in how the […]

Success Story: Buying a Condo

Congratulations to Chris & Becky from Mayville!  This couple bought their first condo in Mayville using conventional financing.  I loved working with these two and couldn’t be happier for them!  On top of owning their own condo, they will also welcome their first child in the next few weeks – Congratulations guys!!!