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Financing in Copley : Real Estate Advice

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Thu Sep 22, 2011
Lenderbradford answered:
Robincats1003, Your question/profile presents a few variables. With respect to Financing a Condo, FHA is a great option of the condo is FHA Approved. If it is not approved then Conventional Financing is an option, ideally you would want to put down at least 10%. 5% is techincally available, however more hoops for you and also the condo association. Owner occupancy percentages will be one items lenders will look at. If 10% down is available you should talk with a lender about your options.

With respect to your employment, Lenders do look at the history of employment, unemployment and layoffs. If you have been working steady at one company for over a year in an industry that is not subject to layoffs, I would not think you would have a problem. Again, you should talk with a Lender about your options.

I hope this answers some of your questions. If you would like to talk, you are welcome to contact me via email or by phone. You will see both on my website.
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