Below is a list of condos in our area we have recently closed with Conventional Financing. Note that the ones that were approved with as little as 5% down as a primary residence. And at times we can do as little as 3% down.
Many think that you need to put 20% or more down and a lot of banks will require 25% down on a primary residence and 30% on a second home so that the financing falls into the “Limited Review” condo requirements that Fannie Mae & Freddie Mac require. You can buy a condo with as little as 3% down if it’s a primary residence.
