Condominium Financing

Understanding Condo Financing
Some condo properties may not qualify for a traditional mortgage.  Working with a lender that understands condo financing can save you time and money.  And ultimately, help avoid delays so that you can settle into your new home faster.

Let us help you understand the variables associated with purchasing a condo and review your financing options so that you can make the best decision for yourself and your family.  Partner with one of our condo specialists if you’re considering buying a condominium. 

The Benefit of Working with a Condo Financing Specialist
When purchasing a condo versus a single-family home, there are other things that need to be taken into consideration.  Working with a lender that isn't familiar with these things could reduce the amount you qualify for and delay your closing.   Understanding the Home Owner Association (HOA) rules and guidelines can impact your expenses and how much financing you may qualify for. What is covered in the condo fee, and what is not?  How much does the HOA have in reserve funds for future repairs or unexpected expenses?  These are items that are factored into the approval process. 

Middlesex Federal's Home Loan Specialists understand the ins and outs of purchasing a condo.  We can help your approval process go smoothly and avoid unnecessary closing delays.