PUD vs. Condo, what’s the difference? » Mortgage Masters Group
What’s the difference between a duplex, a townhouse, an apartment, and a condo? Posted by Hughes Group Blog Team on Sunday, February 12th, 2017 at 11:10am. When it comes time to pick where you want to live, you actually have quite a few options.
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Written By: Stacey Sprain In a recent meeting of the minds we determined that our closing and funding departments have been seeing an increasing number of doc correction requirements come through in regards to PUD properties. So we posed the question- What makes a PUD a real PUD? What should we ref
Again, the main difference between a PUD townhome and a condominium townhome is that in a PUD, you own some land. In a condo, you don’t. Condo and Townhouse’s have a homeowners’ association and the.
New Construction also has its own FHA Condo Approval Guidelines. To gain FHA approval for a project that is still under construction, recently converted, or less than 12 months old, a special set of guidelines will apply. The Developer will need to pre-sell, or have under contract, at least 30% of the units in Phase 1 to become FHA Condo Approved.
Check to see what the loan limits are for each county in your state. View the current FHA and conforming loan limits for all counties in Virginia.paginated skips: scrawled Nikolai PUD vs. Condo, what’s the difference? Mortgage Masters Group A condominium development is actually similar to an apartment development, except for several factors.
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