steamboat condo financing

Financing Steamboat Condos

Financing Steamboat Springs Condos can be challenging, especially if the development you want to purchase is considered a “condotel”. Mortgage lenders Holly Rogers and Kathryn Pedersen from Yampa Valley Bank wrote this blog about financing Steamboat Condominiums: Every time we submit a loan to our investors, we need to provide a homeowners association checklist. This …

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Steamboat Condo Financing Update

Buyers looking to purchase a Steamboat Springs are sometimes surprised to find conventional financing can be challenging at some condo developments. These buyers generally have high credit scores, money in the bank, and have no problem qualifying for conventional loans. The issue is with the condominium development–not the borrower. Government-backed loans currently make up over …

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