From River Park Lofts in Lowertown to the Rowhouses at Snelling in Highland Park to Ramsey Terrace in Summit-University, St. Paul has some amazing condos, lofts and townhomes for sale.
Buying one, however, is a bit different from the single-family home purchase – the process has a few more steps and, unfortunately, a few more areas where you may run into a problem. We’ve come up with the three most important things to consider when you decide it’s a St. Paul condo that you want.
1. The Loan
The FHA loan is probably one of the most popular loan products on the market today. FHA, however, has stringent qualifications when it comes to buying a condo, loft or townhome.
First, lenders won’t loan on a condo that is in a community that isn’t…