Do Not Fear Tackling Condominium Associations and
FHA Mortgage Lending Options
Not that FHA financing approval for ALL Condominium Associations is the answer ... but for many it makes complete sense, as it provides the little "extra" incentive for new buyers that will help the Condominium Associations' homeowners SELL their Condominium unit during this challenging housing market.
This is especially true as Conventional mortgage lending options are more restrictive, or not even on the table as a mortgage lending option. I believe, that a Condominium Association simply refusing to consider a FHA approval is irresponsible and is turning a blind-eye to the present homeowners' best interests. There is simply no reason to not at least consider taking this action.
There are clear advantages to be found within FHA financing. Some are:
- Lower Down Payments needed by Buyers (brings larger number of potential buyers into the transaction)
- Less paperwork (if property is already FHA-approved)
- Ready funds from Mortgage Lenders
And that being said, there are also clear and distinct advantages to working with a Mortgage Lender that can assist agents and their potential Buyers with obtaining this important FHA Condominium Association/Property approval. Finding and working with a Mortgage Lender that knows how to accomplish this for a new Buyer can mean the difference between success and ultimate purchase of a desired Condominium property ... and failure.
Do Not Fear viewing and tackling Condominium Association properties and showings. Buyers with FHA Mortgage Lending options can and will find successful buying opportunities there, should you have the right Mortgage Lender assisting you. This is a prime example of where my 20+ years of experience as a licensed professional IL real estate Appraiser has served my clients and referral partners well. I am completely well-versed ... and have been very successful with obtaining FHA Approval for many of my clients' desired Condominium properties.
Take the fear out of these transactions! Re-gain and broaden property showings. Re-gain and broaden mortgage lending opportunities and advantages when viewing Condominium properties. Become educated and knowledgeable about the FHA Condominium Approval process for yourself, or your home buying clients. Contact me NOW!
* Tackle and Learn all you can about the FHA Condominium Approval process. Buy a Condominium with FHA Mortgage Financing successfully. In Chicagoland and across the USA, you can accomplish all of this now ... by contacting me today. Contact me through any of the following:
Direct: 815.277.4036
Cell/Text: 708.921.6331
Chicago Bancorp Naperville: 1823 Centre Point Circle, Naperville, IL 60563
Email: gene@chicagobancorp.com
Website: www.genemundt.com
Skype: 630.219.1316
Click Here 4 a: No Cost No Obligation Mortgage Consultation
I can also be found on: Facebook, Twitter, LinkedIn, Google+
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Gene Mundt, Sr. Vice President
Personal NMLS #216987
The Federal Savings Bank
1823 Centre Point Circle, Naperville, IL 60563
Now on Skype! 630-219-1316
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