Condominium
Financing
We work through the details of helping customers finance a condominium.
A Lender Who Understands Both the Buyer and the Condo Project
TheWorkingBanker is the personal marketing brand of Greg Gibson, Loan Originator with NOLA Lending Group. All mortgage lending services are provided through NOLA Lending Group, a division of First Federal Bank NMLS #2866113. Equal Housing Lender. This site is for informational purposes only and does not constitute a loan approval, loan commitment, or offer to lend. All loans are subject to credit approval, underwriting guidelines, program availability, and applicable disclosures.
Condominium financing includes many of the same requirements as a traditional mortgage, but the condominium project must also meet applicable guidelines. Insurance, association documents, ownership, financial condition, commercial space, litigation, and other project details may affect whether financing is available.
​
What May Qualify:
-
Primary-residence condominium purchases
-
Eligible second-home condominiums
-
Qualifying investment condominiums
-
Established condominium projects
-
Certain new condominium developments
-
Eligible conventional or government-backed financing
-
Purchase or refinance of a qualifying condo
Â
​
Buyer approval does not guarantee condominium-project approval.
A Reliable Mortgage Lender for Condominium Buyers
Helping Navigate Both Sides of the Loan
With a condominium purchase, a well-qualified buyer can still encounter problems if the project does not satisfy the loan program’s requirements. Reviewing the property early can help identify concerns before the buyer invests too much time or money in the transaction.
​
As The Working Banker, I work with buyers, real estate agents, condominium associations, and other parties to gather the information needed for review. I help explain the process, identify potential issues, and keep everyone informed as the transaction moves toward closing.
​
If you are considering a condominium, contact The Working Banker before making your offer so the financing and project can be reviewed together.
Â
TheWorkingBanker is the personal marketing brand of Greg Gibson, Loan Originator with NOLA Lending Group. All mortgage lending services are provided through NOLA Lending Group, a division of First Federal Bank NMLS #2866113. Equal Housing Lender. This site is for informational purposes only and does not constitute a loan approval, loan commitment, or offer to lend. All loans are subject to credit approval, underwriting guidelines, program availability, and applicable disclosures.