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Financing Challenges for Condo Buyers With Non-Warrantable Condos Understanding Non-Warrantable Condos and their financing challenges is crucial when purchasing a condominium. Non-warrantable condos fail to meet requirements set by agencies like Fannie Mae, Freddie Mac, and the FHA. Factors that make a condo non-warrantable include incomplete projects, short-term rentals, and developer control. Usually, more than 50 percent of the condos must be owner-occupied in a condominium project. Additional situations include one person or entity owning more than 10 percent of the homes. While financing non-warrantable condos can be difficult, it is not impossible. Exploring specialized lenders who offer competitive programs
The spring selling season is an interesting one. With mortgage rates back in the low 7% range and some buyers still ready to buy, depending on where the home is located sellers are seein…
Inventory for homes is still tight in many markets which means even with reduced buyer activity home values are holding up in all but the top markets. With commercial real estate, buyers…
Mortgage interest rates continue to remain elevated but on the other side buyers are starting to come back and submit offers on homes. Fewer homes being available for sale means multiple…
Interest rates have ticked up again getting close to the seven percent range for a 30 year fixed rate. Many buyers are still sitting on the sidelines and sellers are also in a wait and s…
Best Real Estate Articles For Buyers & Sellers November 2022
Making the right choice in real estate can be daunting, but having great information from real estate agents and other professionals can help make your ...
Interest rates are on the rise and have made quite the dramatic move in the last few months. This has caused a perceptible shift in the real estate market. Many buyers are ste…
The main travel months of summer have passed and with schools back in session the buyer activity is picking up in some areas. Depending on location some locations are seeing price reduct…
Another month down in 2022 and mortgage rates are increasing. Rates in the low 5% for a thirty-year mortgage is common. While some areas are seeing a slow-down in buyer activi…
Great Real Estate Articles To Read From April 2022
Top Real Estate Articles in April 2022 Spring 2022 has brought us an interesting real estate market across the country. We’ve seen home values increase ...
The real estate articles in this month's coast to coast roundup reflect current market dynamics. Be sure you check them out before jumping into the market.