Great Question, Sarah! The important part of your question is how is the ownership of the townhouse complex setup? If it is a physical townhouse but has condo form of ownership-beware! It doesn't mean you have to totally disregard these but make sure you get a fantastic price. The reason is no mortgage insurance companies now are issuing coverage in Florida on condos. This means that unless the complex is FHA approved any buyers will have to have 20% down as to not need mortgage insurance. The good news is that prices are down tremendously in these types of communities.
If, on the other hand, the townhome is setup as SFH ownership, you can get regular financing, such as FHA/VA, etc. Hope this helps!... more