Hey Bob,

All the below answers are correct=)

I am a mortgage specialist, give me a call and i will walk you through the process....


Tim Copenhaver
Mortgage Specialist
First Capital Lending Corp.
3848 Colonial Blvd.
Ft. Myers, Fl. 33966
239-277-9244 (Office)
800-572-8520 (Toll Free)

Hi Bob, My name is Sarah Garrett and I am a buyer's agent for Alliance Realty Group. Most banks are requiring 20-30% on condo's now. You may want to go with a mortgage broker that can offer multiple products. I am including Ingrid's contact information below.
My recommendation is to go ahead and contact a mortgage broker to get you prequalified and to also give you your parameters for a condo purchase. You will need the prequal. letter to proceed with your search in case you want to present an offer. All purchase contracts will require a copy to be presented at time of offer. Here is contact information for you to get the best program available for the puchase you would like to make. Meanwhile, if you would like to visit http://www.swfloridahomebuyer.listingbook.com to start compiling a list of favorite propective condo's then you will also have access to up to date information on the Florida Gulfcoast MLS.

Ingrid Molina
(239) 466-6587
http://www.MyFastLoanClosing.com
http://www.IngridMolina.com

I will be happy to assist you with negotiating if you haven't already acquired a buyer's agent to represent you and to help you look at properties or do preinspections and take additional pictures for you until you can come into town. Happy to help!

Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfaction 2006-2009"
By Gulfshore Life Magazine
sarahgarrett@argfl.com
239-464-8620

Bob,

There are several more factors that I woudl have to know before I coudl answer this question. Primary home, second home, credit score, purchase price, where are you buying, etc... Give me a call and we can go over all this and I will get you back the correct answer.

Thanks,

Scott Riddle, PA
(CSP) Certified Short Sale Professional
Sand Castle Realty Group
239-289-1849
239-390-0027 fax http://www.NaplesRealEstatePros.com http://www.NaplesRealtorPros.com

The minimum usually is 20%. But more is usually better. Also there are other factors that may influence your ability to get a mortgage for a particular condo, including the condominium association's financial status.
Carol Herron
Coldwell Banker Residential Real Estate
Sales Associate, CDPE
239 919 4652