We work with a great network of condo mortgage providers.
Getting mortgages for condos can get tricky and require a little more documentation during the approval process. For example, not only you as a Borrower need to get approved for a loan, but the whole condominium must meet certain standards required by the Lenders. So extra documents need to be filled out by HOA and extra payment from the Borrower is required for them to do so.
Also, usually a higher down payment (at least 20-25%) is required by the Lenders in order to get the best rates possible for you.
For a lot of people owning a condo is much more convenient than owning a house, so they are paying a little extra for convenience here.
We have a network of providers who process condo property loans every day and these experts will help guide you through this process.