Can I buy a condo with a mortgage?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. Condos are financed with FHA, VA, conventional, and jumbo loans, but the building must meet the loan type's approval standards for occupancy, reserves, insurance, and litigation.
Florida's large condo market means project approval is a key step we check early. We'll confirm the building qualifies before you get too far into the deal.
Yes, with project review
Yes, you can buy a condo with a mortgage. The difference from a house is that the lender also reviews the condo association, its finances, and its rental mix before approving the loan.
A well-run, approved condo project makes financing straightforward.
Florida condo tips
Florida has thousands of condos, and approval varies by building. High rental ratios, pending litigation, or weak reserves can complicate financing.
We check a building's status before you commit. Apply now and we will confirm your condo can be financed.