Sentences with phrase «requirements on condos»

Additionally, equity requirements on condos can be higher than single family homes.

Not exact matches

Clear's amendment would eliminate the city's waterfront setback requirements for commercial projects, while Maniaci's amendment would allow public money be used for construction, would allow condo space and, maybe most importantly for the project, would kill a 45 - year - old prohibition against building on certain Wisconsin Avenue prime real estate.

(1) If a condo project is on the list, it must still be checked by your lender to make sure it still meets HUD's requirements (for owner / occupancy ratios, etc..)

On September 13, 2012, the FHA changed some of its rules to help more condo developments become eligible for FHA loans, but many of the existing FHA mortgage requirements remain intact.

Lower down payments for buyers, lower home equity for refinancing homeowners and lower credit score requirements are the appealing parts of FHA loan guidelines for condo owners; but unless a condo development is also on the FHA approved list, an FHA - insured loan can not be approved.

-- > new rules on how condo boards are run to make them more transparent and accountable, with new qualification requirements for directors that will require some basic training.

** You can use FHA financing on a condo, but the requirements are much stricter.

Depending on the type of loan you are applying for: Conventional, Jumbo, FHA, VA, & also the state and property type you are purchasing (i.e. Condos have some additional requirements) this process may vary.

From fantastic Bed & Breakfasts & amazing catered mountain lodges, to well located Hotels & self catered on - mountain condos and town houses, we offer something to suit every requirement.

It explores topics like: Owner occupancy requirements, limits on commercial space in condos, investor ownership limits, and condo hotel rules.

That's why last November, Federal Housing Administration Principal Deputy Assistant Secretary Ed Golding announced changes to condo rules that would address a lengthy and complex recertification process, owner - occupancy requirements, and limits on the types of property insurance that FHA considers acceptable coverage.

Whether you want a quaint vacation home, condo or an exceptional luxury residence on the water, I can help you with locations, value, property types, pricing, building requirements and zoning — not to mention every possible attraction to entertain you and your family.

When President Obama signed NAR - backed FHA condo financing legislation into law this summer, much of the focus in the news was on lower owner - occupancy requirements and other changes that would make it easier for borrowers to use federally insured loans for condo purchases.

Out of more than 78 million U.S. single family homes and condos, more than 68 million (87 percent) would qualify for a down payment program available in the county where they are located based on the maximum price requirements for those programs and the estimated value of the properties.