Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Beaumont - Wilshire : Real Estate Advice

  • All1
  • Local Info0
  • Home Buying0
  • Home Selling0
  • Market Conditions0

Activity 1
D,  in Oregon
Thu Dec 18, 2008
D answered:
Hello Madison,

Do you own the land? If so then that is dealt with differently than if you don't. A condo is where you don't own the land and there are steps to make it warrantable. One of them is the owner occupancy rate must be 50% or greater. So if you live in one of the units, you are already there. The next step is to apply for a warrantable condo with Fannie Mae. This will include setting up an association and such. If you contact me, I can email you the Fannie Mae pdf packet which will give you step by step instructions on how to apply with them. I've helped other condo associations become warrantable as well as FHA approved.

Crystal Beard
Ambient Home Lending
www.ambientlending.com
crystal@ambientlending.com
Toll Free 877-777-9763
... more
0 votes 5 answers Share Flag
Search Advice
Search

Followers

480