Latest Articles

Navigating Condo Financing: A Lender’s Proce...

Buying a condominium can be an exciting step toward homeownership, but financing a condo comes with unique challenges compared to single-family homes. As a lender, when we receive a contract for a condo, we follow a meticulous process to ensure the property meets the strict guidelines set by Fannie Mae and the Federal Housing Administration […]

Commute’s Impact on Occupancy Concerns

Will the Property Be Occupied? One critical factor that lenders and underwriters focus on when approving a mortgage is the intent for the property to be the borrower’s primary residence. This is especially important for programs like Fannie Mae, Freddie Mac, FHA, and VA loans, where specific guidelines are in place to ensure that the […]