Condo Q&A

Association does not have enough reserves for me to get a mortgage

Written by CondoAssociation.com | Mon, Jul 22, 2019 @ 12:44 PM

The condo I put an offer on has an association without 10% in reserves.  I was told my FHA loan can not be approved unless I come up with a bigger down payment.  Any ideas?  I am in New Jersey.