Many first time buyers often look to purchase a Condo or Townhouse due to a lower sales price and more reasonable taxes. These factors along with taking advantage of programs such as USDA and FHA financing bring the idea of owning a home, a reality. Unfortunately, guidelines are often overlooked and many times the home is not approved for such financing. These situations can be avoided by talking to a professional about their interest in a home. A Realtor, Mortgage Loan Originator or Attorney can assist in guiding them in the right direction.
