By Rand Paul
Obama acts as though we no longer have a Constitution
Independent voices from the TWT Communities
As a prospective homebuyer meeting with a lender, don't be surprised if the lender asks whether you are considering buying a condominium. While condo financing is not always necessarily more difficult to obtain than a mortgage for a town home or a single-family home, there are some differences.
"Fannie Mae and Freddie Mac don't have a list of approved condos, but they have guidelines as to whether the lenders must do a full review of the condo association or a limited review," Mr. Quaid said.
Mr. Quaid said condo loans are approved every day, so buyers should not feel as if they cannot finance a condo purchase.