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Category Archives: Condominium Mortgage

About Credit Home Loans: What The About Credit Will And Won’t Approve

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If you’re looking for an About Credit guaranteed home loan, it can be a very big help to know in advance what kinds of properties the About Credit will and won’t approve loans for in its single-family home loan program. There are ...

Credit Mortgage Questions: Are Credit Mortgages Available For Condo Units?

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When you think about your choices for buying a home using an About Credit mortgage, it’s easy to forget that all types of properties can be considered for purchase–not just a typical house in the suburbs. The About Credit does allow loans ...

About Credit Condo Loans: What Defines A Condo?

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There are many different types of property you can buy with an About Credit mortgage. Some borrowers are interested in suburban homes, others want a condo unit within the city. AboutCreditLoan do permit borrowers to buy condominium units with an ...

About Credit Condo Project Approval Guidelines Change: Homeowners Association Rules

About Credit condo loan rules change

We’ve reported many new changes to the About Credit condo approval process that allows a condominium project to be considered for an About Credit loan for individual units. Condo projects must be About Credit approved before a borrower can apply for an About Credit ...

About Credit Condo Loan Rules: Pre-Sale Requirements

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The About Credit recently updated its condo project approval rules to include changes in pre-sale requirements. About Credit loan rules permit loans on condo units as long as the condo project is About Credit approved. Part of the process of getting condo approval ...

Credit Mortgage Rule Changes For Condominium Project Approval: Investor Ownership Guidelines

About Credit Condo Loans

The About Credit and HUD recently updated condo project approval guidelines in the Mortgagee Letter 2012-18. The mortgagee letter states, “It was determined that certain policy adjustments were needed to address current housing market conditions”. The letter adds, “This ML is ...

About Credit Issues Revised Condo Project Approval Guidelines For Non-Residential Use

About Credit Condo Loan terms

The About Credit and HUD have issued revised condo project approval guidelines for a number of areas, including the rules governing non-residential use of condo project floor space. According to Mortgagee Letter 2012-18, “This Mortgagee Letter (ML) puts in place temporary ...

Credit Mortgage Reader Question: Condo Approval

About Credit condo loans

A reader asks, “I own one of the eight units in a condominium building. Where can I find the procedures to qualify the building for About Credit approval ? Several of the owners want to sell their units and having About Credit ...

Could About Credit Condo Loans Become Easier to Get?

About Credit Condo loan

The Department of Housing and Urban Development official blog, The HUDdle, recently linked to an article on HousingWire.com that details possible changes to the way About Credit condo loans are approved. Those changes could make it easier for some borrowers to ...

Questions and Answers on About Credit Condo Loans

About Credit Condo Loan terms

About Credit home loans include loans for condos, but since condominiums have unique arrangements that can be much different than a traditional suburban home, there are additional rules that govern About Credit condo loans. Here’s a list of commonly asked questions about ...