Condo Loans
Flexible Financing for condominium purchases
Program Overview
What is a Condo Loan?
Condo loans are designed for buyers purchasing a unit within a condominium project. These loans follow specific guidelines set by Fannie Mae, Freddie Mac, FHA, and VA, depending on the project type and your financial profile.
Whether you are buying your first condo, downsizing, or investing in a low-maintenance lifestyle, Supreme Lending can help you understand project eligibility, association requirements, and the loan program that best fits your purchase.
Key benefits
Why Borrowers choose this loan?
Low Down Options
Conventional and FHA condo loans may allow down payments as low as 3–3.5%.
VA Condo Financing
Eligible veterans may be able to purchase an approved condo with $0 down.
Urban & Suburban Choices
Buy in walkable neighborhoods, near work, or close to amenities.
Investment Potential
Condo financing is available for primary residences, second homes, and investments.
Project Review Support
We help determine whether a condo project meets lender and agency requirements.
Flexible Terms
Choose from fixed-rate and adjustable-rate options across multiple loan terms.
eligibility
Do you Qualify?
Every borrower's situation is unique. Below are typical guidelines. Our loan officers will review your specific scenario and confirm eligibility quickly.
✔ Condo project must meet agency or investor approval requirements
✔ Minimum credit score varies by program (typically 580–620+)
✔ Debt-to-income ratio within program guidelines
✔ Sufficient down payment or entitlement for the selected program
✔ Homeowners association must be in good standing with adequate reserves
