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what type of properties qualify for a secondary market conventional loan?

by deanksandra23469 from Trent, South Dakota. May 6th 2015 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Generally 1-4 unit homes, most condo's and townhouses that are in reasonable good condition. What is or can be difficult to finance: condos (depending on the regime), mobile/manufactured homes, commercial, more than 4 apartments, farms, mixed use properties, seasonal homes, vacant lots or land, etc. Even homes that need extensive repairs can be financed with a conventional loan using a renovation loan where needed/desired repairs will be completed within a few months or so after closing.

May 7th 2015
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

Phil covered it

May 7th 2015
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