Condo Loans

LOAN OPTIONS

Condo Loans

Aerial view of a neighborhood
Aerial view of a neighborhood

LOAN OPTIONS

Condo Loans

Get Condo Financing

 

If you’re in the market for a condo, we have several options for you to consider. Benefit from our comprehensive condo offerings, plus in-house teams dedicated to helping you close on a condo loan. Thanks to condo financing offered by many of our most popular loan products, condo buyers may be eligible across a range of financial standings, locations, down payments and special qualifying factors. 

What Is A Condo?

A condo is defined as a unit in a condominium project. Each unit owner has title to his or her individual unit, an individual interest in the project’s common areas and in some cases the exclusive use of certain limited common areas.

In addition to meeting the requirements of each type of loan, the condominium association must meet specific requirements such as real estate specifications, HOA conditions and development and ownership rules – and if that business is not being operated efficiently, the loans made to unit owners could end up in default.  That’s why lenders also require a review of the condominium project for loan approval.

Contact us to clarify what qualifies as a condo and which loan program may best meet your needs.

Affordable Condo Financing Included in These Programs:

  • Fannie Mae & Freddie Mac Conventional
  • VA for eligible military
  • FHA Government
  • USDA rural home loan program

Locate a Mortgage Loan Officer near you.

Find a Mortgage Loan Officer

Need help? Give us a call.

800.327.9862

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United Bank is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Reserve, Federal Reserve Consumer Help, PO Box 1200, Minneapolis, MN 55480.
This is not a commitment to lend. Mortgage products and services are offered through United Bank. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required.  Speak with a Mortgage Loan Officer for more specific information.
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