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Updated 12 months ago on .

Rebecca Aborah-Sarpong's profile image
Rebecca Aborah-Sarpong's profile image
Rebecca Aborah-Sarpong
  • Member since Feb 16, 2024
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Rebecca Aborah-Sarpong
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Rebecca Aborah-Sarpong
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New Member Introductions

Conco approval process

Rebecca Aborah-Sarpong
Posted

Hello everyone,

I am in the process of buying my first investment property. I discovered a guideline that prevents lenders to loan to Condos that have master homeowner's deductible > 5%.  Has anyone encounter this situation before and how did you go about it? Does anyone know of conventional lenders that doesn't follow this guideline?

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