Frequently Asked Questions

Are there any special requirements for loans on condominiums?

For a loan on a condominium, it is necessary that the common areas of the project, or at least the phase that your unit is located in, are complete. In the event all common areas are not yet complete, your builder will have a program to finance your purchase. Their rates will probably not be as low as ours so keep your closing costs to a minimum and you can refinance through us once the common areas are complete.

You will also have to collect items from the HOA for our formal HOA Review. These items include: Master Insurance Policy (exterior coverage) & H06 Interior Insurance Policy (interior coverage), Empire’s HOA Questionnaire (we provide this form), Current Budget & HOA Monthly Dues Statement. Each transaction is different, for a lot of transactions we only need your Insurance Policies & HOA Monthly Dues Statement.