The association matters
Underwriting may review budgets, reserves, insurance, owner occupancy, commercial space, litigation, assessments, structural concerns, and required repairs.
Appraisals and Property
Condo financing starts with the project
The borrower can be beautifully qualified and the condo can still create financing problems. Project eligibility should be reviewed before the contract clock gets loud.
Review type varies
Agency, government, portfolio, and specialty programs use different project-review paths. Requirements and available review types can change.
Documents take time
Questionnaires, budgets, insurance, meeting minutes, reserve studies, inspections, and certifications may need to come from the association or management company.
Check before contract
Send me the condo name, address, unit, association contact, and any available project documents early so financing options can be evaluated before deadlines.
Written by Marta Lillard
25+ years of mortgage experience, explained in plain English.
Mortgage Broker · First Coast Mortgage Funding · NMLS #879436 · Licensed in Florida and Georgia
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