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Rates subject to change without notice
Conforming Loan amounts up to $647,200 | FHA Loan Limits are specific to each Florida County
Check to See Florida FHA loan limits here
Fidelity Home Group offers mortgages for warrantable, non-warrantable and condotel property types. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. Our Mortgage Experts can check to see if your condo development is currently available for a conventional mortgage.
Condominiums are defined differently than Single Family Homes
Condominiums are a single, individually-owned housing unit in a multi-unit building. The condominium owner holds sole title to the unit, but owns land and common property (elevators, halls, roof, stairs, etc.) jointly with other unit owners, and shares the upkeep expenses on the common-property with them. Unit owner pays property taxes only on his or her unit, and may mortgage, rent, or sell it just like any other personal property.
Condo mortgages come with slightly higher rates than single-family homes
Some condos are “Warrantable” and some are “Non-Warrantable”
*as defined by Fannie Mae and Freddie Mac (the two Government Sponsored Enterprises who purchase and sell mortgages on the secondary market)
*A high number of vacancies can also negatively affect the condo’s status
When buying a condo, ask your real estate agent to inquire about the building’s warrantability before you go any further.
St. Augustine Mortgage | Fidelity Home Group
100 Island Cottage Way St. Augustine, Florida 32080
Hours of Operation:
Monday - Friday 8am to 7pm EST
Saturday - Sunday 10am to 6 pm EST
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