Key West Condo Mortgages

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.