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What is condo insurance (HO-6) & what does it cover?
WebMinimum amount of down payment. $500,000 or less. 5% of the purchase price. $500,000 to $999,999. 5% of the first $500,000 of the purchase price. 10% for the portion of the purchase price above $500,000. $1 million or more. 20% of the purchase price. If you’re self-employed or have a poor credit history, your lender may require a larger down ... WebA condominium (or condo for short) is an ownership regime in which a building ... Section 234 of the Housing Act of 1961 allowed the Federal Housing Administration to insure mortgages on condominiums, leading … gottfried the gigantic garden gnome statue
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