Are you struggling with your credit score? Trying everything under the sun to raise that score but don’t see any progression? Here is some information on how to get that score up, and what lenders typically look for. In general, most lenders are looking for credit scores of 620 or higher for someone to get […]
Did you know the state of Florida still has a huge problem with getting financing for condos? This is because Florida is the only state left in the entire country that is still subjected to these requirements that Fannie Mae and FHA put on us. A lot of times people feel like they need to […]
Allow me to elaborate more about the current problems with condo financing in Florida. After the market crashed many years ago condos went down quicker than single family homes so Fannie Mae and all other lending types like FHA, VA etc. came in and put certain requirements as it pertains to condo financing. These requirements […]
Fannie Mae Vs FHA – What is best for you? Two of the most common types of loans are what we call FHA (Federal Housing Association) and Fannie Mae loans. FHA is the Federal Housing Administration, hence the abbreviation. FHA loans are designed for the low for borrowers who are unable to make a large […]
If you would like to find out if a condo is on the Fannie Mae approved list, please click here. Join our Facebook group at facebook.com/groups/ttalending/ to hear the TRUTH about lending.