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obtaining loan on non Fannie unit

Started by ctent
over 15 years ago
Posts: 26
Member since: Dec 2010
Discussion about
I'm interested in a condo in manhattan where the building is not Fannie approved. 25 units and developed in the 80's. I understand it can be difficult now to obtain a loan in non Fannie approved buildings. Would it be better to apply for a loan at the bank in which the seller initially used to purchase the unit and paid off in 2004. The idea is the bank is familiar with the building. Or to try the bank the seller currently has a mortgage at for another property he owns. Anyone with this type of experience. thks
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