Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
The primary negatives for condos for loan qualification are:1. Owner Occupied / Renter percentages2. Amount of HOA dues in arrears3. Litigation4. Loan-to-Value5. High GSE Loan Adjustment FeesHappy funding, Rudi
There are many negative factors that you must consider prior to your refiancing to a cash out- 1st and foremost is the loan to value- Since you indicate your current equity is 60%, I will assume you will want to go to an 80% Cash Out Refi to get yourself a decent amount of money. That being said the Fannie Mae has many hits due to credit score, LTV, type of loan and unit being a condo.The approximate PAR rate (you will need to pay points) for a 30 year fixed will be 5.625%.The 5 Year Interest Only ARM will be around 5.00% with Points as well.The 7 Year Interest Only ARM will be around 5.25% with Points as well.The 10 Year Interest Only ARM will be around 5.50% with Points as well.
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $10,000
For Sale: $128,999
For Sale: $339,000