Comments on: New mortgage fee for condo purchases

By: TyRone Jackson

TyRone Jackson — Thu, 05 Mar 2009 13:29:14 +0000

25% down?? It’s hard enough for people to put 20% down. Ya best of luck to Fanie Mae, these condo’s will be sitting on the market for even longer. I will feel bad for people who are already living somewhere paying more and more for HOA fees because people who CAN buy can’t afford to put 25% down. What a joke!

By: Fannie Mae revises condo guidelines | The Seattle Condo Blog

Fannie Mae revises condo guidelines | The Seattle Condo Blog — Thu, 12 Feb 2009 19:56:22 +0000

[...] TSCB noted two new mortgage fees implemented by Fannie Mae affecting condo buyers — a .75% condo add on fee and a 1.75% additional fee for investors — both applicable to loans with a loan-to-value rate [...]

By: Ben Kakimoto

Ben Kakimoto — Wed, 14 Jan 2009 21:33:45 +0000

Me – the new fee applies to Fannie Mae conventional loans for condos, it doesn’t apply to FHA as FHA has its own guidelines.

By: me

me — Wed, 14 Jan 2009 19:09:40 +0000

are these just FHA loans?

By: Rhonda Porter

Rhonda Porter — Wed, 14 Jan 2009 13:14:53 +0000

Hi Ben, I’m seeing lenders implementing the fees as of loans locked after this Friday. This impacts refinances too.