Tailored Loans for Multi-Unit Property Ownership

Key Features

Your budget's best friend

with a condo loan.

Condo loans open doors

to luxury and locations.

Ease your life with a

condo loan's simplicity.



Credit Score

Condo loans are accessible with credit scores starting at 500. If your score is lower, we're here to explore other financing options with you.


Down Payment

The minimum down payment is based on several factors, including loan type, credit score, and debt-to-income (DTI) ratio.


Debt-to-Income Ratio

Your total monthly debt, including the new mortgage, should not exceed 43% of your gross monthly income. Exceptions can be made for borrowers with strong compensating factors.

Additional Requirements

Association Approval

Some condo associations have their own approval processes and criteria that must be met.

Insurance Requirements

Condo mortgage loans might have specific insurance requirements, including personal condo insurance and a review of the condo association's master policy.

Condo Certification

The condo will likely need to undergo an appraisal, and the wholesaler might also require a certification to ensure that the condo meets certain standards and guidelines.

For a complete list of requirements, please contact one of our loan experts. Loan requirements are subject to change. All information contained herein is for informational purposes only and while every effort has been made to unsure accuracy, no guarantee is expressed or implied. This is not an offer to extend credit or a commitment to lend.

¹Lower credit scores may require a higher down payment.

© 2024 Nevada Home Loans, Inc. is a DBA of Utah Mortgage, Inc. All rights reserved. 500 North Rainbow Blvd, Ste 300, Las Vegas, Nevada, 89107. NMLS #1432672 Equal Housing Lender. Licensed in 9 states. CA License No. 60DBO-146053, CO License No. 1525 North Main Street, Ste 100 Bountiful, UT 84010, NV License No. 500 North Rainbow Blvd, Ste 300, Las Vegas, NV 89107, License #4994, TX: 1525 North Main Street, Ste 100 Bountiful, UT 84010, WA: Consumer Loan Company License #1432672. If your state is not listed, it doesn’t require a specific license disclosure. For additional information visit our disclosure & licenses page.Any example scenarios are for informational purposes only, and while every effort has been made to insure accuracy, no guarantee is expressed or implied. Loans are subject to borrower and property qualifications. Contact any loan officer on the site, or the company directly for an accurate, personalized quote. Interest rates and any program guidelines are subject to change without notice. In addition, Nevada Home Loans, Inc. a DBA of Utah Mortgage, Inc. complies with Section 8 of RESPA and does not offer marketing services in exchange for referrals.Any wholesale logos displayed are trademarks of their respective companies.