Buying a Condo in Florida: HOA Fees, Surfside Fallout, and Getting Approved for a Mortgage cover art

Buying a Condo in Florida: HOA Fees, Surfside Fallout, and Getting Approved for a Mortgage

Buying a Condo in Florida: HOA Fees, Surfside Fallout, and Getting Approved for a Mortgage

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The Loan Doctor, Rich Brandt, breaks down what makes buying a condominium different from buying a single family home, and why condo financing can get tricky, especially in Florida. He explains how lenders approve not only the borrower, but the entire condo project, and why things like HOA financial health, owner occupancy, investor concentration, single owner concentration, and even unanswered condo questionnaires can determine whether a loan gets approved.

This episode covers the key difference between warrantable and non warrantable condo projects, what FHA, Fannie Mae, Freddie Mac, and Ginnie Mae guidelines actually mean, and how down payment and property use impact your financing options. Rich also dives into the post Surfside changes that pushed HOA fees and assessments higher, why lenders are asking tougher structural questions, and how buyers and owners can navigate big assessments, including using equity when it makes sense.

Connect with us!
https://www.linkedin.com/in/richard-brandt/

https://www.northpointe.com/home-lending/get-started/richard-brandt/
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