Condotel Loans

Condotel Loans

• Primary Residence or 2nd Home 20-30% Down
o Minimum 475 square feet

• Investment 35-40% Down
o Minimum 500 square feet

• Down payment % depends upon credit score
• Studio Condotels Ok
• No rental pools
• No fractional ownership (timeshare)
• Kitchen minimum requirements:
o 14 cubic feet fridge
o 2 burner cook top stove
o Oven and sink

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