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Kevin Schmidtchen

Realtor
Sotheby's International Realty

1436 State Street

Santa Barbara, CA 93101

[email protected]

Phone or Text

(805) 689-6877

Great News For Santa Barbara Condo Buyers – FHA Eases Tough Condo Financing Rules

Santa Barbara Real Estate Voice In our overall extremely tight real estate market here in Santa Barbara, here is some needed and encouraging news for all of the condominium buyers out there. The biggest source of funding for buyers with 5-20% down payments, the Federal Housing Administration, has revamped controversial rules that caused thousands of condo complexes across the country to lose their eligibility for FHA financing....and a few here in the Santa Barbara area. The new and revised guidelines issued last week take effect immediately.  This will for sure help a few Condo HOA's here in the Goleta to... Continue Reading >