condominiums for sale: 2 Bedroom Northshore Condominium For Sale in Tempe - 06/21/11 05:58 PM
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condominiums for sale: 1 Bedroom Condominium For Sale in Phoenix Avalon Hills - 06/20/11 05:02 PM
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condominiums for sale: 1 Bedroom Condominium For Sale in Phoenix Sungate at Moon Mountain - 06/20/11 04:03 PM
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condominiums for sale: 1 Bedroom Condominium For Sale in Phoenix Devonshire Square - 06/20/11 12:44 PM
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condominiums for sale: 2 Bedroom Condominium For Sale in Phoenix at The Enclave Biltmore - 06/19/11 05:34 PM
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condominiums for sale: CONDOMINIUMS CAN NOW HAVE MORTGAGE INSURANCE! - 04/06/11 01:27 PM

Condominium Projects are eligible for Mortgage Insurance.  Here are some of the guidelines. 
Must meet Fannie Mae or Freddie Mac Guidelines
No single entity may own more than 10% of the project
No more than 15% of the total units in the project can be 30 or more days past due on the payment of condo/association fee payments
No more than 33% of the project can be insured by PMI
An HOA questionnaire, Budget/Balance Sheet and Appraisal are required.  The lender must determine that the project meets standard Agency guidelines. 
Maximum 30% percent investor (non-owner occupied) concentration
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condominiums for sale: TOWNHOME / TOWNHOUSE FOR SALE THE SAGE SCOTTSDALE ARIZONA - 03/23/11 02:49 AM
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Ryan P. McDonough, Licensed Loan Officer (Amerifirst Financial, Inc.)

Ryan P. McDonough

Licensed Loan Officer

Scottsdale, AZ

More about me…

Amerifirst Financial, Inc.

Address: 15111 North Pima Road, #110, Scottsdale, AZ, 85260

Mobile: (480) 206-6821

Office: (480) 339-1564

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