With lower costs, easy maintenance, and access to a variety of amenities, many homebuyers are leaning towards condominiums for either primary homes, vacation homes, or investment properties. Condominium loans can be achieved through loan programs spanning conventional, FHA, VA, non-warranted loans, and more. As with all other loans, a look into a homebuyer’s credit history, income, and more is evaluated when applying for a condominium loan, but the condo itself is also evaluated. Lenders may look for qualifications regarding condominium building occupancy, the state of the condo’s homeowner’s association, location, and more.
Savannah and surrounding areas are populated with a variety of condominium communities that are in high demand for homebuyers, ranging from young professionals to single families to retirees. Coastal Custom Mortgage helps these potential homebuyers achieve their real estate endeavors through condo loan programs that are customized to meet their needs. If you are looking to close on a condo, contact us today for more information on how we can help.