Zillow Advice RSS: Discussion,All Real Estate Advice Topics,Brunswick- GA http://www.zillow.com/advice/Brunswick-GA/all/discussion/ Zillow Advice search results | Zillow Real Estate Wanting To Buy a Condo. http://www.zillow.com/advice-thread/Wanting-To-Buy-a-Condo/421176/ We've found a condo in our town which we can buy at a bargain price. When the RE market begins its recovery, I have no doubt that the unit will appreciate in value.<br/>We intend to sell our home, but doubt very much that we'll find a buyer before we purchase this one,( provided that we get the financing).<br/>The <a href="http://www.zillow.com/directory/lenders/">mortgage lender</a> says the condo would be considered investment property, and not eligible for <a href="http://www.zillow.com/fha-loan/">FHA</a> financing. The final glitch in our mortgage approval has to do with Fannie Mae guidelines. Although the complex is 7 years old and meets every other requirement, the question of 6 lots has put the <a href="http://www.zillow.com/mortgage-rates/">loan</a> on hold. The builder, financially unable to build on these lots since the downturn, has recently sold them to another builder. The bank is now saying that these lots represent phase 2 in the project, making it fall under the new guidelines, and the condo documents don't adhere to the new guidelines. These lots are all part of the original complex but now have a new builder. It seems awfully anal to find this as a problem. We are putting 25% down, and as I said, all other requirements have been met. ( BTW, the 6 lots represent a total of 36 residences.) Any suggestions on how we can get around this? I would have no problem going through another lender.<br \><br \>2 replies Sun, 30 Oct 2011 16:58:00 GMT http://www.zillow.com/advice-thread/Wanting-To-Buy-a-Condo/421176/ 2011-10-30T16:58:00Z Please delete everything related to 187 Peppertree Crossing Av, Brunswick, GA 31525. Must start ovr http://www.zillow.com/advice-thread/Please-delete-everything-related-to-187-Peppertree-Crossing-Av-Brunswick-GA-31525-Must-start-ovr/187393/ My wife and I both started listing the above property and now have it all mixed up.&nbsp; Please delete the listing and and all data associated with it and email addresses <a href="mailto:selphcj@bellsouth.net" rel="nofollow">selphcj@bellsouth.net</a> and <a href="mailto:selphcj@gmail.com" rel="nofollow">selphcj@gmail.com</a> and screennames Manta, Manta2, Bonnie, Jason and any other associated data.&nbsp; Once that is done I'll start over.&nbsp; Thanks<br \><br \>0 replies Sun, 11 Jan 2009 21:37:00 GMT http://www.zillow.com/advice-thread/Please-delete-everything-related-to-187-Peppertree-Crossing-Av-Brunswick-GA-31525-Must-start-ovr/187393/ 2009-01-11T21:37:00Z