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Updated over 8 years ago on .
Small Loan
We wanted small condo for our investment and couldn't get my FHA loan.
"Unfortunately we have confirmed that we have no investor that will approve a condo with a budget holding reserves of less than 10%. HOA does know that Fannie mae guidelines state a minimum of 10% in budget reserves. We will not be able to do the financing on this particular property because it is ineligible."
Does this mean any bank I go to, I will not get FHA loan? Any other ideas?