Cohousing-L Mailing List: Re: California "Cohousing friendly" condominiums lenders?

[Ellen Keyne Seebacher (elle]

Raines Cohen writes:

> However, I wonder whether the fact that an institution that was a
> ready lender a decade or two, or even a year ago, would tell you
> anything useful about their ability and willingness to lend on the
> same unit today, given the dramatic changes in the market.

I strongly second this.  My own local bank, whom we'd used for previous
loans, decided abruptly in early March that condo loans were too risky
and they would henceforth lend only on single-family homes -- so we had
to go elsewhere for our mortgage.  And we had over 75% down!


        Ellen Seebacher (who closed on her unit this week, AT LAST)