CONDO / LOFT / CONDO-TEL FINANCING

Whether it is your primary residence, second home or an investment it is important to understand the factors that are at play. When purchasing a condo, loft or condo-tel there are a few things to research about the development in order to acquire the best and most suitable financing to fit your needs.

Is the condo Warrantable or Non-Warrantable?

This will play a factor when procuring financing. If the condo is warrantable you should be ok. If the condo is non-warrantable you may need to put more money down on the purchase.

Is this a tax abated area?

Certain urban developments are tax abated meaning the local government uses tax abatements to help expand the economy stimulating investments in specific areas of communities. This usually means the local government pays a large percentage of your real estate taxes (this saves you money).

How many units is the development? How may floors?

When obtaining financing whether it’s a loft or a condo-tel the size of the development can make a difference in the amount down and sometimes the interest rate.

• Urban Location
• Low Maintenance
• Multiple Amenities
• (pool, gym, limo)
• Lots of Attractions
• Convenience
• Second Home
• Investment
• View

SINGLE FAMILY HOMES

• Size
• Fenced in backyard
• Multiple Garages
• Schools
• Privacy
• Basement
• Future Additions

Leader One Financial offers special loan programs that are available for condo’s, lofts and condo-tel’s. Contact one of our certified loan specialists with questions. If you're ready for Leader One Financial to accomplish your goals, apply now. If you have more questions, call today at (866) 802-LEND (5363) or APPLY NOW. We look forward to serving all of your real estate needs.