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Condo Loan

If you are in the market to purchase or refinance a condominium, the mortgage professionals at Luxury Mortgage are here to help. We're a multi-state mortgage lender offering a wide range of condo financing solutions including conventional loans, government backed FHA and VA mortgages, and jumbo loans for higher loan amounts. Underwriting guidelines for condominiums often vary from those of traditional stand-alone construction. At Luxury Mortgage we know what questions to ask and can provide the right products to help facilitate a streamlined process. Contact us today for more information on our condo loan solutions.

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Condo Financing Overview

Benefits of Owning a Condominium

Condo ownership comes with many benefits including a lower financial barrier of entry, reduced maintenance, great amenities, and more.

  • Affordability: Many home buyers seek out condo ownership due to the cost of stand-alone construction in their areas. Condos are often smaller in size than homes containing comparable numbers of bedrooms and baths. Couple that with fact that condos often share many building elements (walls, roofing, etc) and the result is typically a lower price point due to lower construction costs.
  • Low Maintenance: One of the biggest perks to living in a condo is the amount of work paid for through Property Owners Association dues (aka POA). POA fees often cover items such as insurance for the exterior of the builing, landscaping, pest services, and other building related maintenance such as roofing, painting, and driveway and parking lot repairs. The POA also frequently covers trash, recycling, and other city/county related services as well as the expenses associated with amenities such as swimming pools and tennis counts.
  • Amenities: From clubhouses with workout centers and deluxe media rooms to swimming pools and tennis courts, many of today's condo developments are filled with fantastic features. Expenses for building and maintaining these amenities are typically shared among condo owners.
Financing Options

Whether you are buying a condo as your primary residence, second home, or investment property, we likely have the mortgage program to meet your needs. Not only do we offer conventional mortgage products, we also provide low and no money down solutions such as FHA and VA loans.

At Luxury Mortgage, we're well known for jumbo and super-jumbo loan financing. We have great fixed rate and adjustable rate products for higher end loan amounts. Our jumbo loan pricing for financing condominiums is some of the most competitive in the industry.

We also offer condo refinancing assistance for those looking to lower their interest rates, perform cash-out refinances, or simply shorten the duration on their repayment periods (i.e. going from a 30 year to 15 year amortization). Borrowers who already have an FHA or VA loan may be able to capitalize on streamline refinances which eliminate many of the costs associated with traditional refinancing.

Getting Started with Luxury Mortgage

When you're ready to buy or refinance a condo, please give us a call at (888) 379-0303. You may also complete the Quick Start Form on this page and a licensed Residential Mortgage Loan Originator will reach out to you once they've had a chance to review your information. If you simply have a question that you'd like answered, you can do so through our General Contact Form.

Thank you for your interest in Luxury Mortgage. We look forward to assisting you with your condo financing needs.