Buying an Austin Condominium? We Can Help!

Many people mistakenly believe that getting a loan for a condo can be a difficult task. In reality, in recent years, more lenders have been offering these loans, so more borrowers are eligible to receive condo loans. The standards are still stringent; however, getting a condominium loan can be done if you work with knowledgeable Austin lender, Joel Richardson.

How to Qualify for a Condo Loan

The underwriting process is a tad different from that of a single family residence due to a condo’s legal structure. Joel Richardson will evaluate your credit score, and look closely at the property you will be buying. Joel will also consider your homeowner’s association dues. The condominium association will also need to meet the qualifications for a loan. They want to make sure the property is in good condition and meets lending qualifications.

Application Process for an Austin Condo Loan

The application process is simple! Once you apply online, you will work closely with Joel to determine how much you can afford, based on your income and liabilities and your budget. His goal is to be able to issue your prequalification letter to you on the same day you apply.

Contact Austin’s Condo Loan Expert

If you’re in the market for a condo loan in Austin, Georgetown, Round Rock or other city, contact experience mortgage loan office, Joel Richardson. He is a local branch manager for PrimeLending, a Plains Capital Company. Call Joel today at (512) 637-0932 or fill out our online contact form.

Start the Conversation

© 2021 PrimeLending |PRIMELENDING A PLAINSCAPITAL COMPANY®, PRIMELENDING®, HOME LOANS MADE SIMPLE®, DISCOVER YOUR BEST®, NEIGHBORHOODEDGE®, LOANTELLIGENCESM and LOANPLICITY® are trademarks, service marks, or registered trademarks or service marks of Hilltop Holdings Inc., licensed to PrimeLending, a Plains Capital Company, for its use. You may not use, display or reproduce them without the prior written consent of Hilltop Holdings Inc. and PrimeLending. Further, you may not remove, obscure, or otherwise modify any copyright, trademark, confidentiality or other proprietary rights notices displayed on, embedded in, or otherwise appearing in any Content offered by, viewed on, or received through this site. All other trademarks identified and contained herein are the property of their respective owners and their use herein does not imply sponsorship or endorsement of their products or services.In accordance with Section 326 of the USA PATRIOT Act of 2001, PrimeLending NMLS: 13649 is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act. This website is not intended to offer loan services for properties in New York.All loans subject to credit approval. Rates and fees subject to change.