Sentences with phrase «condominium loans»

As a lender for condominium loans and refinancing programs, we'd like to share a little information with you regarding a few important considerations.

The second big change is that condominium loans no longer require two comparable sales from outside the building or project.

In that capacity, he examined hundreds of commercial and residential real estate transactions ranging from simple condominium loans to multi-million dollar commercial real estate transactions.

The act makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal assisted housing programs and Rural Housing Service loan programs.

FHA condominium loans, sometimes called condo loans, are specifically designed toward those who purchase housing units in a condominium building.

FHA's purchase activity appears to be performing as well as any period since Neighborhood Watch was established and condominium loans appear to be performing even better.

Take action now to urge your Senators to pass H.R. 3700, the «Housing Opportunity Through Modernization Act of 2016,» a bill that makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal - assisted housing programs and Rural Housing Service loan programs.

The fine print points out some of the details of the eligibility including the types of properties that are eligible for financing including a home purchase, condominium loan and construction.

During the housing crisis, FHA suffered severe losses because many investors defaulted on their condominium loans.

If the lender is agreeable, a condominium loan can be structured to allow owners to «opt in» or «opt out» of the loan.

A number of documents are required as part of a condominium loan transaction, including the by - law (in most cases) as well as a loan agreement, general security agreement and perhaps also an assignment of lien rights.