I would suggest talking with a good mortgage broker. If you'd like to email me and I can give you a list of some great mortgage brokers that are very knowledgeable about the condo lending restrictions. My email is Nikki.Devaux@SothebysRealty.com
It's true that obtaining a condo mortgage is more complicated than it was in the past, but it doesn't mean it's impossible in every situation. I'm currently working with a buyer who's going through MassHousing to purchase his condo. You just need to make sure that you're working with a good Buyer's Agent and also a good mortgage broker who can advise you on the best route to home ownership!
Best of luck!
~Nikki
Nikki Devaux
Realtor, ABR
Hallmark Sotheby's International Realty
P: 617-276-5247
Nikki.Devaux@SothebysRealty.com - Wed May 27 2009, 14:35