How can I get a mortgage on a condo with 10% down?

If you look into a SFR, you may find that the numbers are cheaper. Today, lenders require HO6 insurance or walls in coverage, which is an additional premium covering the interior of your condo, on top of the HOA dues, and your taxes. So if you did the math, you may find that it is cheaper to purchase a SFR. Plus you dont have the issues with condo approval. With HO6, Mortgage insurance, HOA dues and taxes, the total cost is very close to purchasing a SFR...Good luck!

I can do a condo in CA up to 95% LTV with a conventional mortgage. The 30% rentals is not a problem. Please click my profile for my contact information.

hi: I can try to finance you thru my private investors if you the above lenders/brokers are unable to. My private investors are concerned with equity and proof of income...credit is not even a great concern. MIke 703 505 5300

bmcfed, it's not my job to teach you yours. If you don't keep up on guidelines and don't know what is available, you do a disservice to clients when you give bad information. Before you make statements like you just did, you should research so you don't make yourself look foolish. Not only is conventional 95% available on a condo, I can do it with a 660 credit score. Jessica, please contact me so I can assist you.

I have a program that allows a credit score of your nature to have lender paid PMI so this avoids you having to get PMI from an outside company. Ask your exsiting lender if they have this option- if not I would be happy to help out!

bmcfed, you are confused. I don't have to prove anything to you. I responded to a question not asked by you and you interjecting yourself into my answer does not constitute a client relationship with me. If you would like to avail yourself of my services, and possibly learn a thing or 2, I suggest you apply on my website and I may be able to assist you.