If you are looking to purchase a condo, read this!

If you are looking to purchase a condo, and you are obtaining a loan, you may want to check these sites. When researching condo developments, you should check these lists, to see if the development accepts the loan you would be qualifying for or wanting to use. For example, if the condo is on the conventional list, but not the FHA list, you would be looking to put 25%-30% down, and you can only obtain FHA financing. And if the condo development is not on any of the lists, you can only purchase with cash. 


CONVENTIONAL: https://www.efanniemae.com/sf/refmaterials/approvedprojects/

(25%-30% down required)

VA: http://condopudbuilder.vba.va.gov/2.2/frames.html

(0% down required)

FHA: https://entp.hud.gov/idapp/html/condlook.cfm

(3.50% down required)