Found 2 blog entries tagged as loans.


Financing Programs on the Gulf Coast: A Guide to Your Options

By Meredith Folger Amon, Licensed in Alabama and Florida
Guided by Integrity. Backed by Experience. Search the Gulf with Meredith Folger Amon.

Financing a home or condo on the Gulf Coast looks different for everyone. Some buyers want to purchase a beachfront condo, others are drawn to waterfront homes with boating amenities, and many prefer to build from the ground up. Each type of property comes with unique financing needs, and it’s important to understand the loan programs available before moving forward.

Meredith Folger Gulf Coast Real Estate

Here’s a detailed overview of the financing programs most often used along the Gulf Coast, including options for new construction, condos, investment properties, and…

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Understanding the Complexities of Financing a Condo on the Gulf Coast

Financing Beach Condos Contel

Purchasing a condo on the Gulf Coast, particularly in areas like Orange Beach, can be both exciting and challenging. As a real estate advisor specializing in this region, it's important to understand the complexities involved in financing a condo, especially since Fannie Mae and Freddie Mac no longer offer loans for many of these beachfront properties. The reason behind this shift is that many condos along the beach are classified as "condo-tels" (condo hotels) and are non-warrantable, making traditional financing much more difficult. Here’s why.

What is a Condo-tel?

A condo-tel is a condominium property that operates similarly to a hotel, allowing owners to rent out their…

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