<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

Can't get a mortgage in a non-warrantable condo building

| Budgets & Finance |  


Question:

Prospective buyers of units in our condo building are having problems getting FHA mortgages because we are an un-warrantable building with over 50% renters vs owners.  Its not the right owner-occupied ratio.  This is also hurting our property values.  We are thinking of passing a bylaw to curb rentals.  Has anyone experienced this before?  Florida.


Answers (20)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.
 

Related Posts

Can HOA restrict units purchased by single owner?

Florida Condo Association running wild with rental of condo units

Florida owner can't get member directory from condo association