Home Buying in 11211>Question Details

Ollyhamm, Home Buyer in Brooklyn, NY

Can i get a mortgage on a condo in a two unit building?

Asked by Ollyhamm, Brooklyn, NY Wed Feb 27, 2013

Typically condo's are three or more units, this building i'm looking at is a converted townhouse with two units only.

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4
So the condo development itself is composed of only two units or is the condo a 2 unit condo?

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
3 votes Thank Flag Link Wed Feb 27, 2013
It's a 2 family house that's been converted to a two unit condo.
Flag Wed Feb 27, 2013
Your loan officer will be the best person to answer this for you, what have they told you?
0 votes Thank Flag Link Wed Feb 27, 2013
Thank you for your questions! We can definitely help you! Please call us at the office @ 1-718-875-8899 so we can schedule an appointment ASAP. We are open 7 days a week Monday Through Friday 9:00 AM to 9;00 PM Sat & Sun 10:00 AM to 7:00 PM We are member of Brooklyn New York MLS & Manhattan REBNY MLS
For more listing visit:
http://www.BrooklynRealProperty.com,


Office 1-718-875-8899
Brooklyn Real Property, Inc.
Downtown Brooklyn Office
389 Atlantic Avenue (Bet: Bond & Hoyt Street)
Brooklyn New York 11217
1-718-875-8899
Canarsie Office
9201 Flatlands Avenue (Corner of East 92 Street)
Brooklyn New York 11236
1-718-272-8988
0 votes Thank Flag Link Wed Feb 27, 2013
Ollyhamm,

If you're talking FHA or conventional it would be difficult for a two unit condo to meet their requirements. But I don't want to be presumptious so you should ask the managing agent if they are FHA or Fannie Mae approved.

I have specialty products for condos that don't rely on FHA or Fannie Mae's guidelines. For more information or for assistance, I can be reached directly at 917.699.0183, via email michaeldenniston247@gmail.com. Follow me on twitter @mdenniston247.

I value your feedback. Please hit the thumbs up or best answer button, if my response was helpful.

Thanks!

Michael Denniston l Cell: (917) 699-0183
Residential Home Funding, Corp.
Licensed Mortgage Loan Originator l Sales Manager
6901 Jericho Turnpike Ste. 219 | Syosset, NY 11791
Main: (516) 605-1733 | Fax: (888) 881-2557
NMLS # 24076 | Company NMLS # 34973
Mdenniston@RHFunding.com
http://www.rhfunding.com
.
0 votes Thank Flag Link Wed Feb 27, 2013
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