PUD vs. Condo, what’s the difference? » Mortgage Masters Group

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Found a nice condo up in Northern California, loan is 164k. The ' neighborhood' has about 9-10 different units, and a medium sized grass. If it's part of the building the HOA may go towards master insurance or shared utilities.. So maybe sit in on the meetings for a while until you feel out the group :).

I would appreciate some clarification on how you determine the difference between a condo and a PUD for Fannie Mae purposes. I have attached the Fannie Mae definitions from the 2007 Sellers Guide for both condos and PUDs and the definitions of both from GMAC’s underwriting manual.

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Several different types of housing exist, including what’s known as the detached condominium. At its most basic, a detached condo is still a single-family home, but it’s legally classified as a.

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PUD vs. Condo, what"s the difference?. Mortgage Masters Group NMLS Branch ID#: 373290 Phone 772-340-4003 Email doug@mortgagemastersgroup.com 481 SW Port St. Lucie Blvd. Ste. A Port St. Lucie FL 34953 View my complete profile. Blog Archive

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