Which Scenario is harder to obtain a mortgage?

The drawbacks with the condo are:-Must be more owners than renters in complex at a ratio of 70/30-No more than 10% of homeowners can be 30 days delinquent on condo fees-Complex would have to be Fannie Mae or FHA Approved-You are required to pay a monthly maintenance feeSo, depending on where you are looking to buy, either could be a great choice.

A Condo may be harder to fund because there are more guidelines that could make it difficult or impossible to receive traditional financing. ... Also more expensive to finance. Even though you purchased a Condo you still have to abide by the "Rules" of the Home Owners Association (HOA) and pay their monthly HOA Dues which you wouldn't have with a SFR if it's not a Planned Unit Development (PUD).Happy funding, Rudi