Special offer

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Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Jenna. We do this product, they are a challenge, but if that is the only way to get them done, the effort needs to be made.

Make it a great weekend!

May 29, 2015 08:06 PM
Rainer
417,221
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

51% owners no lawsuits fidelity insurance of two million, same type of conventional condo requirements for a standard Fannie - Spirit Messingham  this is not an FHA product - we have a Fannie and Freddie 97% conforming- Radian is preferred MI company. Our in house condo review team does all the legal work. As a listing agent get the HOA management company on the phone, and perhaps a Board member to find out before you accept offer. LAwsuits are public record in Georgia look here: http://www.cobbsuperiorcourtclerk.org/courts/ for any names similar to your HOA

May 29, 2015 05:14 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Sorry, I don't know.

Jan 14, 2019 06:53 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I do not

Feb 09, 2018 04:02 AM
Rainmaker
292,685
Jack Lewitz
Exit Strategy Realty - Evanston, IL

Fannie Mae does not have PMI but rates are a little higher so that's the trade off.

May 29, 2015 11:23 AM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Yes and we have no problem other than the usual FHA process. BUT you need to research which condos are on the FHA list in your area. I keep a copy of those that qualify on file and get it updated every 6 months by my preferred mortgage broker. 

May 29, 2015 10:32 AM
Rainmaker
699,277
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

I agree with Spirit.  It would be easier for you to look until you find a condo that is in the HomePath network.

May 29, 2015 04:52 AM
Rainmaker
175,614
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

Good luck trying FHA on a Condo, there are only 7 condo complex's in Tucson that are on the FHA approved list, condos and FHA loans dont mix well.

May 29, 2015 04:10 AM