Loan Options

Condo Loans

Get Condo Financing

If you’re in the market for a condo, we have several options for you to consider. Benefit from our comprehensive condo offerings, plus in-house teams dedicated to helping you close on a condo loan.

Thanks to condo financing offered by many of our most popular loan products, condo buyers may be eligible across a range of financial standings, locations, down payments and special qualifying factors. 

What Is A Condo?

A condo is defined as a unit in a condominium project. Each unit owner has title to his or her individual unit, an individual interest in the project’s common areas and in some cases the exclusive use of certain limited common areas. In addition to meeting the requirements of each type of loan, the condominium association must meet specific requirements such as real estate specifications, HOA conditions and development and ownership rules – and if that business is not being operated efficiently, the loans made to unit owners could end up in default.  That’s why lenders also require a review of the condominium project for loan approval.

Contact us to clarify what qualifies as a condo and which loan program may best meet your needs.

Affordable Condo Financing Included in These Programs:

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Knowledge Base

2021 – The Year For The Home Buyer And Seller

By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles …

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Building

David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors

David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage …

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What to Expect From a Biden Regime

David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the …

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The Federal Reserve, the Housing Market, and Mortgage Rates

The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut …

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FHFA Announces Conforming Loan Limits for 2021

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan …

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Have You Heard? Refinance and Remove FHA Mortgage Insurance

Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. FHA Mortgage …

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