If you own a condominium or are thinking about buying a condominium in Ledyard or Gale Ferry, please check with us to see if the condominium complex is approved by the various agencies that insure or guaranty mortgage loans. FHA, VA, FNMA and Freddie Mac all have approved condominium lists. CHFA now requires that their condominium loans have FHA insurance or a VA guaranty.
It is not usually that hard to obtain the approvals but it does involve some work on the part of the association or the management company to gather the necessary paperwork, budget & insurance documents.
In a time period where sellers want to be able to sell their real estate when they want to do so, it is well worth putting the time and effort into obtaining the necessary condominium approvals. We at McCue Mortgage Company have staff to help you with this. Please contact me to get started.
Since 1980, Phil Turner has helped over 10,000 clients achieve the dream of homeownership. If you are planning to buy a home, please contact Phil. You'll find his professional service and years of experience exactly what you need in Eastern Connecticut's current housing market.
Phil can be reached at McCue Mortgage, located at 8 Union Street in New London, by calling (860)444-0650 or (800)781-1180 or By EMAIL.
Comments