our market is On Top of the World: the largest condo community in the United States. once you have a fully-executed contract, your agent mails a copy of it with 2 business cards to the approval dept.
they then call your agent and schedule a mandatory, on-site approval interview for you. the interview must be 7 days or more before closing.
they look to see if you are capable of living an independent life style, they look at the contract, too.
you can't finance more than 65% of the purchase price.
interviews are only on tuesdays and wednesdays. approval is thurs and fridays. then they mail the approval to the title company. only rarely is anyone ever not approved.
hope this helps. you must be 55 years old to live here at OTOW. call me with questions: 727-278-1135.
have a nice day!