If you’re looking to use an FHA loan product to buy a condo or loft, the condominium project must meet the eligibility requirements of the Federal Housing Administration (FHA). FHA-insured loans offer some significant benefits for the home buyer, such as lower down payment requirements and reduced lender fees, and…
Tag: lofts in saint paul mn
What Do the Condo Association Fees Cover?
Are you considering buying a condo or a loft in the near future? A condo or loft is a great option for individuals who work in or near downtown Minneapolis or St. Paul or are just seeking a low-maintenance residence. If you’re looking to purchase a condo, you will need…
Can You Buy a Condo with a VA Loan?
If you’re interested in buying a condo with a VA loan, you’ve probably heard mixed things about whether it’s possible to do so. The short answer to whether buying a condo with a VA loan is possible is yes — but there are some caveats. Most veterans and their families…
What is the VA Condo Approval Process?
If you’re a veteran or member of a veteran’s family and you’re shopping for a condo, you may have come across some confusing information about whether you can use a VA loan to get a condo. Generally, most who qualify use their low-interest VA loan to secure a single-family home. …
Are You Ready to Create New Memories in a New Home?
The story of your life is filled with chapters — and sometimes a new chapter needs to begin in a different space. Whether your family is growing, and you need more room, or you have reached the point where you want something different, now could be the best time to…
Private Home Inspection Contingency – What’s Really Important?
One of the parts of the home buying process is electing a professional home inspection contingency. Even homes listed “sold as is” or estate sales should have an inspection if only to understand what “as is” means. A comprehensive private home inspection will examine all major systems, such as heating,…