What you need to know about condos when getting a mortgage

Didier Malagies • November 27, 2023

What is a limited review and what does it mean?


25% down for owner occ and 30% for second homes and investment properties

What is required? A condo Questionnaire


The underwriters review and them check for assessments coming due? Delinquencies, etc.,

A full review is where the budget is required and the number one item is reserves. Do they have 10% reserves


Condos have experienced higher insurance premiums on the master policy and are there repairs needing to be done


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