Just to clarify, the developer ownership percentage only impacts conventional loans not ARMs. The ownership percentage of the developer is currently around 27% and the usual threshold for convention loan is 25% so do w that what you will. The building itself is really convenient and the community is really nice w more young families moving into the building. But yea it’s definitely still pretty affordable compared to the other condos in the areas.
throwawayinjsq t1_itlu8b1 wrote
Reply to comment by Cuprunnethover2022 in Buying at The Foundry by Particular-Nerve7625
Just to clarify, the developer ownership percentage only impacts conventional loans not ARMs. The ownership percentage of the developer is currently around 27% and the usual threshold for convention loan is 25% so do w that what you will. The building itself is really convenient and the community is really nice w more young families moving into the building. But yea it’s definitely still pretty affordable compared to the other condos in the areas.