easy condo mortgage lending

October 19, 2016

Congress passes law to significantly reduce barriers to mortgage lending for condominiums

A new law has been passed (H.R. 3700 – the “Housing Opportunity Through Modernization Act”) that will help remove barriers to safe, affordable mortgage lending for condominiums.  A lot of first time home buyers haven’t been able to purchase condominiums because the lending was so strict. The National Association of REALTORS (NAR) said this is a “significant step” in eliminating barriers to safe, affordable mortgage credit for condos. NAR reporting […]