Tag: Condo

Posted on 01/10/2024
First-Time Homebuyer Guide: How to Buy a VA-Approved Condo
Eligible borrowers can use their VA loan benefits to purchase a condominium rather than a single-family home. For first time homebuyers, a condo or townhome can have multiple benefits compared to a standalone house. However, to use your VA loan on a condo property, the property must be within a VA-approved development. Here's a guide to the basics...
+ 4 more
Read More
Posted on 06/23/2021
Common-Interest Housing - Condos and Townhomes
Common-interest housing includes individually owned spaces and common areas shared by all owners. The common areas can include clubhouses, landscaping, parking lots or pools. Multistory buildings share lobbies, stairwells and elevators. Any community that shares property, including single-family free-standing homes in developments, falls into the common-interest category. The two most familiar types of common-interest housing terms are condominiums...
+ 6 more
Read More