Can i get a mortgage on a condo in a two unit building?

Asked by Ollyhamm, Brooklyn, NY Wed Feb 27, 2013

Typically condo's are three or more units, this building i'm looking at is a converted townhouse with two units only.

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4
Javier Menes…, Mortgage Broker Or Lender, Melville, NY
Wed Feb 27, 2013
So the condo development itself is composed of only two units or is the condo a 2 unit condo?

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
3 votes
It's a 2 family house that's been converted to a two unit condo.
Flag Wed Feb 27, 2013
Josh Barnett, Agent, Carney, OK
Wed Feb 27, 2013
Your loan officer will be the best person to answer this for you, what have they told you?
0 votes
Jean Paul Ho, Agent, Brooklyn, NY
Wed Feb 27, 2013
Thank you for your questions! We can definitely help you! Please call us at the office @ 1-718-875-8899 so we can schedule an appointment ASAP. We are open 7 days a week Monday Through Friday 9:00 AM to 9;00 PM Sat & Sun 10:00 AM to 7:00 PM We are member of Brooklyn New York MLS & Manhattan REBNY MLS
For more listing visit:
http://www.BrooklynRealProperty.com,


Office 1-718-875-8899
Brooklyn Real Property, Inc.
Downtown Brooklyn Office
389 Atlantic Avenue (Bet: Bond & Hoyt Street)
Brooklyn New York 11217
1-718-875-8899
Canarsie Office
9201 Flatlands Avenue (Corner of East 92 Street)
Brooklyn New York 11236
1-718-272-8988
0 votes
Michael Denn…, Agent, Queens, NY
Wed Feb 27, 2013
Ollyhamm,

If you're talking FHA or conventional it would be difficult for a two unit condo to meet their requirements. But I don't want to be presumptious so you should ask the managing agent if they are FHA or Fannie Mae approved.

I have specialty products for condos that don't rely on FHA or Fannie Mae's guidelines. For more information or for assistance, I can be reached directly at 917.699.0183, via email michaeldenniston247@gmail.com. Follow me on twitter @mdenniston247.

I value your feedback. Please hit the thumbs up or best answer button, if my response was helpful.

Thanks!

Michael Denniston l Cell: (917) 699-0183
Residential Home Funding, Corp.
Licensed Mortgage Loan Originator l Sales Manager
6901 Jericho Turnpike Ste. 219 | Syosset, NY 11791
Main: (516) 605-1733 | Fax: (888) 881-2557
NMLS # 24076 | Company NMLS # 34973
Mdenniston@RHFunding.com
http://www.rhfunding.com
.
0 votes
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