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Can I make this work?

I will try to make this short and to the point:I can't do FHA on the condo I want because it's not an approved condo complex. In my particular circumstance, too many units are already FHA insured for a spot inspection to work and more than 30% of the units are rented, so the PMI company won't do it either. I don't have enough cash for 20% down on the condo. Is this a lost cause?Are their any specific measures I can take? by primetimepaul from Clinton, Pennsylvania. Sep 28th 2009 Reply


Joshua Crater (Rate1st.com)
#203 ranked lender in California - 47 contributions

If you would like some depenable advice please call us at 1-877-728-3178.Otherwise I would suggest looking for another condo in a different complex.We can help you get financing and find FHA approved properties in your area.

Sep 28th 2009
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Reggie Hayes (rhayes)
#15 ranked lender in New Jersey - 12 contributions

Given the circumstances, I would suggest that you find another property, or get someone to loan/gift you the 20% down.

Sep 29th 2009
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