Home Buying in 20785>Question Details

jajohnson, Home Buyer in Hyattsville, MD

Does anyone know of any lenders who would approve loans for townhome/condos at 45% delinquency rate?

Asked by jajohnson, Hyattsville, MD Wed May 8, 2013

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Hello jajohnson,

Whether this is your primary residence or investment property, that might not be a good idea. It could hurt you in the long run. There are to many other good buys. Good luck!
0 votes Thank Flag Link Wed May 8, 2013
Thanks Keith! After researching what delinquency rates were and its affects, I decided not to move forward with the property.
Flag Thu May 9, 2013
Hi JaJohnson

FHA will not approve it but there are conventional loan programs availabe for 5% down. Feel free to contact if you need more informaton.
0 votes Thank Flag Link Wed May 8, 2013
Hi Jajohnson, Yes I do, send me an email miekeba@heymannrealty.com and I will forward his contact. We closed a condo with extremely high delinquency last November.
0 votes Thank Flag Link Wed May 8, 2013
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