There are a few things most people in Boston have in common: our uncanny ability to drive in roundabouts, our love of chowda (new England style, of course!), and our likelihood of buying a condo at some point.… more
As a Boston-area loan officer securing mortgages for home owners of all types—from first time buyers seeking their dream home to empty nesters ready to downsize—I know there’s no such thing as the best time to buy a specific type of home.… more
There are five things you need to know about buying a condo with a Mass Housing Home Loan.
First: Mass Housing follows the general Fannie Mae guidelines for condo approval but has additional requirements.… more
For Boston area condos, Fannie Mae & Freddie Mac don’t want more commercial influence than 20% of the total square footage. Another way to put it is that no more than 20% of a condominium project can be used for commercial space when getting a Fannie or Freddie mortgage.… more
Boston is a city steeped in American history. It is one of the oldest cities in the United States and has a unique mix of historic neighborhoods and 21st century architecture complete with modern conveniences.… more
Condos can sell fast, because of the many advantages they offer over individual houses. If you are planning on starting the search for a condo, it’s helpful to be aware that not all condos are the standard apartment type.… more
Fannie Mae announced that it is undertaking a comprehensive review of hundreds of condominium projects in the state of Florida in an effort to allow additional projects to become Fannie Mae-eligible through a new “Special Approval” designation.… more