Which loan product is best?

Hi Neha114, The loan type will depend on your credit score, debt to income ratios, the property type (condos do add the potential for issues) and what the conforming loan limits are for your area. For example: The county limit in most areas is $726,200 but in Orange County it's $1,089,300.00. 10% down is enough in most cases.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states | www.yourtexasmortgagelender.com|Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |

HI, there are way too many variables to directly answer you. A condo purchase is slightly different than a regular home. When buying a condo, the lender also has to check out the association. Most of the time this is noting. Sometimes it can kill a deal. Condos also tend to have a slightly higher interest rate because of added risk (the association). People always say say they are "looking for the best." Best based on what? It really doesn't work that way. My 'best' advice is to reach out to a LOCAL mortgage broker near the property with plenty of experience, and stop worrying about everything else. I lend for homes in MN, WI, IA, ND, and SD. Find me at JoeMetzler.com | Cambria Mortgage | NMLS 274132