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Minneapolis Mortgages & Finance - Condo Mortgage
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Minneapolis Condo Mortgage
Condo mortgage is different from a typical home mortgage. Financing a condo can be difficult at times. Most condo financing programs will require the condo be less than four floors and will have more than 50% of the units occupied by their owners and that the loan be less than the conforming limit.
If you are considering an FHA mortgage the project needs to be on the FHA approval list.
It is recommended you first receive a preliminary loan approval in order to find out exactly what your financing options may be.