Is it hard to get approved for an income property loan for a condo?

Technically, yes because the Condo Associations financial health is a factor. This is not the case with Single Family Homes or Townhomes. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Depends on what you mean by hard. Qualification guidelines between owner occupied homes and investment properties are different. Investment guidelines are more strict. Then whenever you buy a townhome or condo, not only do we have to approve you, and the collateral, we also need to review the financial health of the association. I lend in WI MN IA ND SD. Find me at WI-MortgageBroker.com - NMLS 274132