Importance of 10% Reserve Contribution to Condo Unit Financing If you know anything about FHA condominium project approvals, you know that it requires that associations annually contribute 10% of its budget to a reserve fund. This account must be held separately from the operating account. But ...

02/19/2015

Fannie Mae Reintroduces 97% Financing for Condominium Units

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Fannie Mae Reintroduces 97% Financing for Condominium Units Last week Fannie Mae announced the reintroduction of 97% financing for single-family homes, PUD units and condominium units. This program would compete directly with FHA 96.5% financing...or will it? From our experience, when Fannie Mae...

02/18/2015