While FHA financing is currently the most prevalent form of mortgage financing among first time homebuyers, certain purchasers at any price point may be looking to obtain conventional financing or jumbo loans. Or, if the pricing in your condominium community is in excess of FHA lending limits, we may also have the solution.

In this case, it is imperative that in order for these prospective purchasers to have the best financing terms available, even for jumbo loans, that your property be approved under the Fannie Mae guidelines. Most lenders, even if a loan is not subject to being purchased by Fannie Mae, use the Fannie Mae guidelines to check the viability and appropriateness of lending in any specific condominium community.

Having Fannie Mae approval of your community sends the message that “this is a community worth investing in”.

Fannie Mae charges their own fees of $1,200 and $30 per unit for project approval

TOTAL CAPITAL SOLUTIONS GROUP (TCSG) is the total Turnkey Solution for your Condominium Community FHA and Fannie Mae Financing Approval.