Financing Condos and Townhomes - Lawrenceville / Duluth FREE 3 Hours CE, Liberty Mutual Insurance, Tuesday, 05. November 2019



Sponsors
 
           Jay Millwood        
 
Financing Condos and Townhomes
 
The biggest difference between the two when it comes to a lender is that with a condo, you don’t own the land.  You are typically buying the space between the walls. With a townhouse, you are buying the dirt and everything above the dirt and below the dirt. Getting a loan with a townhouse is basically the same as getting one for a single family house. It’s much less complicated than one for a condo. 
There are all kinds of loans available for condos including FHA, USDA, VA, Fannie Mae and Freddie Mac. But the condo project must meet specific requirements for each of these loans to go through – meaning the lender may not take on that liability.
3 Hour CE In-Class | My CE Class, LLCCathy McDaniel

Tuesday, 05. November 2019, Liberty Mutual Insurance, Financing Condos and Townhomes - Lawrenceville / Duluth FREE 3 Hours CE

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