Helping you get condos financed in Florida
About us
Flcondoteam.com:
FloridaHomePath.com, LLC is not owned or affiliated with Fannie Mae. Flcondoteam.com is NOT a lender nor a Bank. Flcondoteam.com is an information resource dedicated to providing unbiased information about mortgage lending on condominiums in the State of Florida.
FloridaHomePath.com, LLC began mid 2009 when online research proved there was a lack of information available to Realtors, Consumers, and Lenders/Banks about Fannie Mae’s HomePath mortgage program. The company has grown to include Flcondoteam.com because we have found conventional financing on condominium projects in the State of Florida has become one of the most difficult transactions to obtain. There are several reasons why it is difficult for a home-owner to obtain financing on a condo unit, but the most common reason is simply the lack of knowledge about the condo approval process from most mortgage originators combined with the lending restrictions that most lenders and banks are placing on mortgages secured by condominiums located in Florida. FlCondoTeam.com provides the information resources needed to understand the condo approval process required by most lenders and banks.
All information is deemed the sole opinion of FloridaHomePath.com, LLC. The information contained in this website is sourced from Fannie Mae’s project approval guidelines. Some of the information is available directly from Fannie Mae public websites. Click here to access condo project information. Information not found on the condo project page can be found in Fannie Mae’s selling guide. The Selling guide is over 1,200 pages long and is written for mortgage industry professionals. We took the liberty of summarizing the condo project review section so that it could be understood by anyone.
Please visit our parent site at www.floridahomepath.com to learn more about Fannie Mae’s Homepath mortgage program and FloridaHomePath.com, LLC.
FloridaHomePath.com, LLC is not a mortgage lender. FLCondoTeam.com is a site for information purposes only. All information provided is based on Fannie Mae condo project requirements. Click here for Fannie Mae resources. Lenders and banks reserve the right to have more restrictive requirements at their sole discretion.
** All loan information is updated frequently. Contact a Mortgage Professional to confirm loan details. All material is subject to change without notice.
FloridaHomePath.com is not owned or affiliated with Fannie Mae. Flcondoteam.com is owned and operated by FloridaHomePath.com, LLC. See our privacy policy and terms of service.
FloridaCondoTeam.com is an information resource offering knowledge to consumers and industry professionals about the complexity of mortgage finance on properties secured by a condominium located in the State of Florida.
The process of obtaining a mortgage on a condo differs from the process of obtaining a mortgage on any other type of property because the entire condo project must meet certain criteria in order for the mortgage to be issued by a lender. The approval process of a condo is not simple and very few mortgage professionals understand the process. This site provides basic details of the process in an attempt to help those outside the mortgage industry to understand the process better.
