Posted on: 02nd Jan, 2014 10:42 pm
I am looking for a loan with 10% or less down payment on a condo which has been approved. This will be my vacation home. How can I get such a loan?
You will have to contact the lender who offer condo loans and check out whether or not they will give you a loan for a vacation condo. However, you need to meet all the required criteria of the lender.
Any mortgage lender or broker should be able to do the mortgage. That is a normal, everyday Fannie Mae mortgage.
What do you mean the condo has been approved?
Approved by whom?
What do you mean the condo has been approved?
Approved by whom?
Get in touch with the lender who provide condo loans. Make sure you fulfill the criteria of the lender.
The above post has been made by Kate Kelley.