What is a Condominium?

Curious about what exactly a condominium is? A condo offers a budget-friendly, low-maintenance living option within a shared community. You enjoy the privacy of your own unit while leaving the upkeep of common areas to a property management team.

When it comes to financing a condo, the process is similar to purchasing a single-family home. You'll need to save for a down payment and complete the loan application process. Condo buyers can access the same types of loans as single-family homebuyers, including conventional, FHA, VA, among others! However, while the loan types may be the same, securing financing for a condo can differ slightly from buying a single-family home.

Follow @RaveisMortgage and to learn more about financing a condo. To explore your mortgage options, Contact Bob Flynn our very own mortgage expert and get started on the path to homeownership today!