CONDO LOANS

I want to purchase a condo.

Buying a condo comes with a few extra steps that a standard home purchase doesn't. The property itself has to qualify alongside the buyer, and not every lender has the team or the flexibility to work through that process efficiently. We do.

Movement offers condo financing across a wide range of loan types, up to $3.5 million via Jumbo loan option, with a dedicated in-house condo team that handles eligibility review from the start, not after your buyer is already under contract.

WHAT IS A CONDO?

A condo is a unit within a larger development where each owner holds title to their individual unit and a shared interest in the common areas of the project. Condos are governed by conditions, covenants, and restrictions (CC&Rs) along with HOA bylaws that establish how shared spaces and costs are managed. Because of this shared ownership structure, lenders evaluate both the borrower and the project before approving financing.

MORE CONDOS QUALIFY THAN YOU MIGHT THINK

Many lenders add overlays on top of what agencies actually require, and buyers end up stuck when a deal falls through over a guideline that was never necessary. Aligned with the latest agency guideline updates, Movement can make more condo projects eligible than ever:

Fewer documents required to get a condo project approved

No restrictions based on how many units in the building are rented out

More flexible insurance requirements allow more condos to qualify

If a condo deal has fallen apart somewhere else, it could be worth a second look.