Buying a condo comes with a wrinkle that single-family homes don’t have: the building’s overall financial health can affect whether you get approved for a mortgage at all. In this video, I walk through why lenders look beyond your own finances when you’re financing a condo, and what that means if you’re house hunting in Reston or elsewhere in Northern Virginia.
Shopping for a condo in Arlington? Read the Arlington condo parking guide before you write an offer. For pricing and resale-packet questions on a specific building, see Nikki’s Arlington VA realtor guide.
If you’re considering a condo purchase and want to know how a specific building might affect your financing options, reach out and I can help you sort through it before you fall in love with a unit.