Ask Matt
02 / Condos & Townhomes
Ask Matt / Condos & Townhomes
Can you get a regular mortgage on a condo?
A straight answer from Matt Watson, Dallas broker. Then two or three related questions worth reading next.
Answer
Not always. A building can fail conventional financing because too many units are investor-owned, the HOA is in litigation, or the reserves are too thin. That is why I check a building's financing eligibility before a client falls in love with a unit. Falling in love first, then discovering the building will not finance, is the pain I save people.
Keep Reading
Related questions buyers ask.
How do the 2026 Fannie Mae and Freddie Mac condo rule changes affect my loan? What should I know before buying a condo? What is a resale certificate?
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