How to Finance a Condo in Brickell with FHA. 2019 New “Spot Approval”

FHA Condo Financing in Brickell
August 8, 2020

In August 2019, The U.S. Department of Housing and Urban Development (HUD) released updated guidance on FHA-insured condominium financing. The new rules should benefit Brickell condo buyers to obtain low down-payment mortgages. Specifically, the new rules will: Extend FHA certifications on condo developments from two years to three years, reducing the

Because rates on 30-year mortgages have fallen to record lows, you mustn’t wait to buy your new condo

Mortgage rates fall
July 11, 2020

Rates on 30-year mortgages have fallen to record lows for the third consecutive week Mortgage rates have fallen again! This week’s average of 3.03% for a 30-year loan is down from last week’s 3.07% The following is an article published by the Florida Association of Realtors newsletter today: “BALTIMORE (AP)

Condo Financing in Brickell in 7 Steps

condo financing in Brickell Miami
July 5, 2020

The first information that we need to know about Condo Financing is the three different types of residential mortgages. Primary residence: Usually it is the easiest to finance and requires the lowest down payment. your primary residence is the one in which you reside on a permanent basis, generally close