There are over 1700 condos and condominium townhomes in Franklin, Massachusetts. And new ones are in the process of construction.
All that housing stock means at times in Franklin there can be from 70 to 100 condos and townhomes actively for sale on the MLS. Sometimes even more!
So whether you’re looking for an affordable one level condominium or a luxury townhouse condo for sale, you’re likely find a lot to choose from in Franklin, MA!
Check the links below or click on the icons on the map to access info on condo and townhouse communities in Franklin, Massachusetts.
With so many condos and townhomes in town, you won’t find content here on every condominium community in Franklin.
But we’re actively adding new postings on Franklin condo communities, so keep checking back for updates!
Map showing locations of condo communities in Franklin, MA
View Condo Communities in Franklin, MA in a larger map
From the category archives:
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[post_content] => 165 Pleasant Street is an attractive, affordable townhouse for sale in Franklin, MA with no condo fees! New roof, new hardwood floors, new kitchen cabinets and fresh paint are just some of the many upgrades and improvements that make this home a winner! Hardwood kitchen with eat-in area enjoys southern exposure for loads of natural light and opens. to beautiful hardwood living room with exciting gas fireplace. Half bath on first floor with pedestal sink. The lustrous hardwood continues on second floor in hallway and both bedrooms. Sparkling main bath with tub/shower enclosure. Pull-down stairs to attic create valuable extra storage space. Nicely finished lower level is a super exercise area, playroom or home office. You’ll love the cen air during the hot summer months! Wraparound composite deck leading to paver patio and wonderful stone fire pit for evening relaxation, weekend barbeques, and all around entertaining fun! Plenty of room for garden in roomy side yard. Vinyl siding, replacement windows, composite deck and town sewer make maintenance a breeze.
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[post_content] => The market for Highwood condo units picked up in 2012. The average sales price of condominium units at Highwood in Franklin, MA rose a rousing 11.1% for the year! It was the first annual sales price increase at Highwood in the last 7 years.
Average sales price up, days on market down
The average sales price of condominium units at Highwood rose to $163,680 in 2012, up from $147,313 in 2011. It was the first increase in Highwood's average annual sales price since 2005.
In another good sign for the Highwood condo community, the average time it took to sell units at Highwood dropped sharply in 2012. Average days on market (DOM) was 90 in 2012, way down from the appallingly high of 354 DOM seen in 2011.
Location of 2012 Highwood sales
The map above shows where in Highwood unit sales took place in 2012.
Download full sales report
Follow the above image or the hotlink to download the full report on the 2012 market for Highwood condos.
Where is the market for Highwood condos headed in 2013?
The 11.1% increase in average sales price at Highwood last year is very welcome news after so many years of falling condo values at this attractive condo community in Franklin, MA. The increase is especially encouraging in light of the pronounced vigor in the overall Massachusetts housing market throughout 2012: single family home sales volume in the Bay State rose a staggering 22% in 2012.
2013 has gotten off to a strong start, with many buyers actively looking to buy homes. So 2103 may see continued strengthening of demand for Highwood condos.
If you have any questions about how your Highwood unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for your Highwood home. Just give me a call at 508-613-2889 or email me. No cost or obligation!
Copyright ©2013 02038.com
[post_title] => Prices rise 11 percent at Highwood condos in 2012; first increase since 2005
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[post_content] => Stone Ridge townhomes in Franklin, MA had a good year in 2012. The average sales price at Stone Ridge rose in 2012 amid a strong surge in home sales volume throughout the Bay State last year.
Average sales price up, sales volume slips
The average sales price of homes at this popular condo community in Franklin, MA in 2012 rose 1.1% to $216,150 (from $213,625 in 2011).
It was the first increase in the average sales price at Stone Ridge since 2008. Average days on market declined to an encouraging 83 days (from 104 the year before).
While home sales volume in the overall MA market rocketed a staggering 22% in 2012, only 6 townhomes sold at Stone Ridge last year. This was a significant drop from 2011’s sales volume, but well above the sales nadir of only 3 unit transfers back in 2010.
Map of 2012 sales at Stone Ridge
The map above shows the location of the sales at Stone Ridge in 2012.
Full report on Stone Ridge 2012 sales
Follow the image above or the hotlink to download a full report on the 2012 Stone Ridge market activity.
The outlook for Stone Ridge in 2013
The Stone Ridge condominium community offers a superior location just off Exit 17 of I-495 near plentiful shopping, the local YMCA, a state forest with walking trails and the Forge Park commuter rail station. Units have garages and basements, and the financial condition of the community is excellent.
MA real estate had a good year in 2012 and 2013 has started strong. If the strengthening trend in Massachusetts real estate continues, the outlook for Stone Ridge is very positive!
If you have any questions about how your Stone Ridge unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I'll prepare an in-depth Home Market Analysis for the property. Just give me a call at 508-613-2889 or email me. No cost or obligation!
Copyright ©2013 02038.com
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[post_content] => The market for Spruce Pond Village townhomes in Franklin, MA had a lackluster year in 2012. But due to a strong surge in home sales volume throughout the Bay State last year, the outlook is upbeat for this desirable condo community in Franklin, MA.
Sales volume flat, average sales price down
While home sales volume in the overall MA market rocketed 22% in 2012, only three townhomes sold at Spruce Pond Village last year. This matches 2011’s sales production at this condo community.
The average sales price of homes at Spruce Pond in 2012 fell 5.8% to $280,300 (from $297,667 in 2011). Days on market ballooned to 172 days (from only 25 the year before).
Location of 2012 sales at Spruce Pond
The map above shows the location 2012’s sales in this condo community.
Full report on the 2012 sales at Spruce Pond
Follow the image above or the hotlink to download a full report on 2012’s sales at Spruce Pond Village.
Where is the market for Spruce Pond condos headed in 2013?
Spruce Pond Village has many strengths: a superior location just off Exit 16 of I-495, units have attached garages and basements, and the financial condition of the community is excellent. Spruce Pond will continue to offer a valuable alternative to more expensive age-restricted (active adult) condo developments in the I-495 region.
Regardless of the humdrum market at Spruce Pond during the year just past, 2012 was a strong year for home sales volume across Massachusetts. Single family home sales volume in the Bay State rose a robust 22% in 2012.
And so far in 2013, the real estate market in MA has maintained momentum. If the strengthening trend in Massachusetts real estate continues throughout the year, the outlook for sales at Spruce Pond Village should be very positive!
If you have any questions about how your Spruce Pond townhome stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for your Spruce Pond home. Just give me a call at 508-613-2889 or email me. No cost or obligation!
Copyright ©2013 02038.com
[post_title] => Spruce Pond Village 2012 real estate review
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[post_content] => The market for Franklin Crossing condos in Franklin, MA had an indifferent year in 2012, despite a surge in home sales volume throughout the Bay State last year.
Average sales price and sales volume down
While home sales volume in the overall MA market rocketed a strong 22% in 2012, only four units sold at Franklin Crossing last year. This is below 2011’s sales pace of 7 unit sales and matches 2010’s meager sales production at this attractive condo community in Franklin, MA.
The average sales price of homes at Franklin Crossing in 2012 fell 3.9% to $123,825 (from $128,814 in 2011). Days on market (DOM) ballooned to 497 DOM (from 133 DOM the year before).
DOM increased so much at Franklin Crossing last year because 2 of the 4 units that changed hands there in 2012 took literally years to find buyers. The owners of these long DOM units made the mistake setting their asking prices too high when they listed in 2010 and they kept their over-pricing in place throughout 2011 as Franklin Crossing values declined around them. These owners finally reduced their asking prices to market levels in 2012 and mercifully got their units sold.
Location of 2012 sales at Franklin Crossing
The map above shows the location 2012’s sales at Franklin Crossing.
Download the report on 2012's market activity at Franklin Crossing
Follow the image above or the hotlink to download a full report on 2012’s sales at Franklin Crossing.
The outlook for Franklin Crossing condos
The average sales price of units at Franklin Crossing has declined 40% since 2005 (to $123,825 in 2012 from $207,238 in 2005). Despite this, Franklin Crossing offers many benefits: a superior location just off Exit 17 of I-495, attractive, well-maintained grounds and common areas, and strong demand for rental units. MA real estate had a good year in 2012 and 2013 has started strong. If the strengthening trend in Massachusetts real estate continues, we should see better times ahead at Franklin Crossing!
If you have any questions about how your Franklin Crossing unit stacks up in the local market in terms of price, features and amenities, I would be happy to assist you. I’ll prepare an in-depth Home Market Analysis for the property. Just give me a call at 508-613-2889 or email me. No cost or obligation!
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[post_content] => The first half of 2012 saw an improving outlook for condo sales at Highwood in Franklin, MA. The average sale price at Highwood would have risen significantly during the first half of the year, but for the sale of one Highwood unit at a shockingly low price. This discounted price skewed the average selling price at Highwood for the first 6 months of the year downward and marred what would otherwise have been upbeat first half 2012 stats at this well-regarded condo community in Franklin, Massachusetts.
Three Highwood units sold
Three condo units sold at Highwood during the first half of 2012.
This compares favorably to the two sales for the same period in 2011.
Average days on market fell sharply from 2011’s level, a good sign for the future marketability of Highwood units.
Average selling price lower
At $157,700, the average sale price at Highwood during the first 6 months of 2012 was 8.7% lower than the average selling price for the same period the prior year. But that is a misleading statistic due to the very low selling price of one of the units.
Lowest price since 1998
41 Highwood Drive was an estate sale that closed in June 2012. This garden style unit fetched an exceedingly low price of $87,500. The sale of Unit 41 distorted the average selling price at Highwood for the first half of 2012. In fact, Unit 41 is the lowest priced unit to sell at Highwood going back to 1998 in the MLS records!
$192,500 average sale price
If you remove that Unit 41 from the 2012 sales mix, the average selling price at Highwood becomes $192,500. This is much more representative of current values of townhouse units at Highwood and would be the highest average selling price there in the last few years.
Click here or on the image below to download a comprehensive report on all three of the unit sales at Highwood in Franklin, MA for the first half of 2012.
MA real estate doing better in 2012
The MA real estate market showed quite a lot of life in the first half of 2012. Home sales were way up and there were plenty of buyers actively looking and making offers. This should bode well for Highwood for the rest of 2012.
You can read a full report on the first half 2012 real estate market in Massachusetts by clicking the hotlink.
What's your Highwood unit really worth?
If you own a unit at Highwood and are thinking of selling, now is the best time in years! Buyers are plentiful and interest rates are at historic lows.
Click the hotlink to get a free, no obligation value analysis of your home from an expert at selling condos in Franklin!
Copyright ©2012 02038.com
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[post_content] => The Massachusetts real estate market experienced a strongly positive shift in momentum during the first half of 2012. Home sales soared as buyers competed avidly for desirable properties. If Massachusetts real estate continues on the upswing, we should see a better market developing for units at the Franklin Crossing Condominiums in Franklin, MA.
MA real estate started looking up in early 2012
There was a pronounced improvement in home buyer sentiment in Massachusetts during the first half of 2012. Home sales rocketed over 20% as buyers finally loosened their purse strings to take advantage of low prices, a strengthening MA economy and record low borrowing costs. Read a full report on Massachusetts real estate during the first half of 2012 by clicking the hotlink.
Market upswing not yet evident at Franklin Crossing
Despite the encouraging activity in the 2012 Massachusetts real estate market, the first half of the year saw only one unit change hands at Franklin Crossing.
The image above gives the history of sales at Franklin Crossing during the first half of each year going back to 2003. The one unit sale during the first half of 2012 provides a very small sample from which to derive a meaningful analysis of values at this condo community. So even though the "average" selling price fell to $117,000, that's based on one sale only so you may not want to read too much into that statistic.
Details on the one sale at Franklin Crossing
Unit 1010 sold for $117,000 on June 29 after 308 days on the market.
The transfer of this unit is the lowest priced transaction at Franklin Crossing going back to 2002. It is a 939 sq ft home for which the seller paid $109,000 back in 2000. Click here or on the image above to download a report on the sale.
Franklin Crossing sales should improve with overall market
Owners of units at Franklin Crossing should take heart in the strong improvement experienced by the MA real estate market during the first half of 2012. If Massachusetts real estate keeps on track, we should see sales of Franklin Crossing units start to head higher as well.
If you are thinking of selling your Franklin Crossing unit, click the hotlink to get a free, no obligation value analysis of your home!
Copyright ©2012 02038.com
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[post_content] => Market stats for the first half of 2012 produced solid reasons for optimism about the future of prices at Spruce Pond Village, the popular townhouse condominium community in Franklin, MA.
Market started looking up in early 2012
There was a profound change for the better in the MA real estate market in the first half of the year. Home sales soared over 20% across the Bay State as buyers snapped up bargains, encouraged by the strengthening MA economy and record low mortgage rates. Read a full report on Massachusetts real estate during the first half of 2012 by clicking the hotlink.
Spruce Pond units start selling
You can trace the improvement in the MA real estate market in the listing histories of the three units that sold at Spruce Pond in the first half of 2012.
If you can believe it, those three transactions represent the highest sale volume at Spruce Pond for the first half of any year going back to 2006!
Market resistance to Spruce Pond listings in 2011
Two townhomes on Highbank Road (Units 73 and 83) came on the MLS in August 2011. The market was sluggish then and the units encountered stiff resistance.
Both units sat unsold for months.
Timing makes the difference
31 Quince Island Road received a much better reception from buyers, and it was simply a matter of timing. That new listing hit the MLS in January 2012 as the market shift was underway.
31 Quince found a buyer in less than 3 weeks!
Once 31 Quince went under agreement, market sentiment continued to improve and the Highbank units started getting serious attention from buyers.
73 Highbank went under agreement in February and by April, 83 Highbank had found a buyer as well.
Report on all three sales
Click here or on the image below to download a detailed report on all the sales at Spruce Pond during the first half of 2012.
What's the value of your Spruce Pond Village townhouse?
What is so encouraging about the first half of 2012 is the dramatic shift in market sentiment. It's almost as if a switch was pulled and buyers suddenly started buying.
If Massachusetts real estate continues to improve in the second half of 2012, we should see a stronger pricing environment at Spruce Pond Village. Its superior location will serve this condo community well.
If you own a townhouse at Spruce Pond and are thinking of selling, now is an ideal time to act. Buyers are out there and are making offers!
Click the hotlink to get a free, no obligation value analysis of your home from an expert at selling condos in Franklin!
Copyright ©2012 02038.com
[post_title] => Outlook upbeat at Spruce Pond Village as first half of 2012 comes to a close
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[post_content] => A rise in the average sale price of units was the highlight of market activity at the Stone Ridge Condominiums in Franklin, MA during the first half of 2012.
Four units changed hands at Stone Ridge during the first 6 months of the year at an average sale price of $223, 725, an increase of 7.2% over Stone Ridge's average sale price during first half of 2011
2012’s first half sale prices at Stone Ridge were a notable improvement over prices achieved during the first half of 2011. Days on market shortened significantly. Fewer units changed hands, but there was a much firmer tone to market activity at Stone Ridge in 2012 compared to recent years.
Lowest sale at Stone Ridge
At $209,900, the lowest priced sale during the first 6 months of 2012 was unit 38.
This townhome at Stone Ridge in Franklin, MA found a buyer after only one day on the market. The buyer paid asking price for this three 3 bedroom unit which has a master bedroom on the first floor and two other bedrooms on the second floor. This unit also offers a finished basement.
Rest of Stone Ridge sales higher for fewer bedrooms
The other three sales at Stone Ridge during the first half of this year ranged from $227,000 to $230,000 for 2 bedroom units.
Click here or on the image below to download a report on all 4 sales at Stone Ridge during the first 6 months of 2012:
Given the higher-priced sales of units offering only 2 bedrooms, it's fair to say that Unit 38 was a great bargain asking only $209,900!
MA real estate market improving
The overall MA real estate market was much more active in the first half of 2012 than during the same period last year. Sales were up over 20% with reduced inventories and bidding wars erupting over quality, properly priced offerings. Read a full report on the first half 2012 real estate market in Massachusetts by clicking the hotlink.
Unit owners at Stone Ridge should be encouraged. If the Massachusetts real estate market continues to strengthen for the rest of 2012, we may see a continued upswing in sales and prices at this popular Franklin condominium community.
What's your Stone Ridge unit really worth?
If you own a unit at Stone Ridge and are thinking of selling, now is the best time in years! Buyers are plentiful and interest rates are at historic lows.
Click the hotlink to get a free, no obligation value analysis of your home from an expert at selling condos in Franklin!
Copyright ©2012 02038.com
[post_title] => Prices rise at Stone Ridge Condos in Franklin, MA during first half of 2012
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[post_content] => The FHA recently began implementing previously proposed changes to its guidelines governing government-insured mortgage financing for condominiums. Among these new FHA mandates is a requirement that condo associations carry large capital reserves. Many finance experts are predicting that most mortgage lenders will incorporate similar requirements into their own underwriting guidelines, making the new prerequisites almost universal among the majority of non-portfolio lenders in the United States.
Older condo communities across the country may find it difficult to comply with these new capital reserve requirements.
Many condo associations and unit owners appear unaware of the new capital reserve requirements and what failing to comply with them may entail for owners at non-compliant communities. Condo unit owners in non-compliant communities may encounter severe trouble refinancing or selling their units.
FHA insures low-down-payment loans
Among many other functions and services, the FHA offers mortgage insurance for condominium mortgage loans. These insured loans are important to the marketability of many condo communities because they allow buyers to obtain financing with very low down payments.
Condominium communities must be approved by the FHA
The FHA has to “approve” a condominium community before it will insure mortgage loans in that development.
If your condo community is not on the current approved list, the FHA will not insure mortgage loans there until it becomes an approved condo community.
Approvals last for a set time then have to be renewed. The FHA has granted extra time for condo associations to prove compliance with the new guidelines, but the clock is ticking.
So even if your condo community was approved under the old set of rules, it is likely facing the need to confirm its approved status in light of the new guidelines.
If not approved, condos face problems refinancing or selling
If you own a condo unit in a condo community that is not compliant with the new FHA requirements, you may soon have a hard time finding a lender willing to refinance your current mortgage loan unless you have substantial equity.
And when you attempt to sell your condo unit in a non-FHA-compliant condo community, many mortgage lenders may not want to finance the sale of your unit if your buyer lacks at least a 20% down payment. You may be limited to selling your unit only to buyers with substantial down payments. This will greatly lessen your ability to sell your home.
10% of income to capital reserves
A full description of all the changes to the FHA condo guidelines is beyond the scope of this post. But they all must be complied with to maintain your condo's approval. The link below leads to good background on the new FHA condo approval guidelines and how to prove compliance; it's a very detailed review designed for mortgage lenders but does cover all aspects of the approval process:
FHA Condo Approval Guidelines
One of the most problematic of the new requirements is the new requirement that every condominium association must allocate at least 10% of its income to a capital reserve account and have adequate funds budgeted for casualty insurance deductibles.
Many older condominium associations will find themselves struggling to comply with these new budgetary mandates.
Time-consuming amendments to the governing condo association documents may be needed. Condo fees may have to be raised and/or special assessments may be needed to fund the FHA’s capital reserve requirement.
Is your condo community currently approved?
You can use the next link to check whether your condo community is currently on the approved list:
Approved Condo Communities
If you are unsure of the legal name of your condo community, just enter your state and zip code to see the list of all condo communities the FHA has approved in that zip code.
If your condo community meets the new FHA requirements
If your condo community is compliant with the new guidelines but has not yet formally proved this to the FHA, getting onto the new FHA approved list is just a matter of your association’s gathering the supporting facts and applying to the FHA. This is called “HRAP” approval. Beware that approval by the FHA may take months, given recent reports of backlogs.
As an alternative, some mortgage lenders have the authority to handle the approval process themselves as part of their making a purchase money loan for a unit at a condo community. This is called “DELRAP” approval.
If you condo community does not meet the new FHA requirements
The rub comes when a condo community does not comply with the new FHA requirements.
Some unit owners may balk at the increased payments that may be needed to bulk up their association’s capital reserve fund. Many owners could face financial hardship coming up with the funds needed. This could become a real problem at many under-capitalized condominium communities in coming months.
What to do
Condo associations and their unit owners would be wise to take the initiative to find out where they stand in light of the new FHA approval guidelines. Don't wait until problems with attempted refinancings or unit sales crop up.
If you are thinking of buying a condo, by all means check immediately to see if the condo community has already proven compliance with the new FHA guidelines.
If the condo community you want to buy in still has yet to become approved under the new guidelines, ask about the sufficiency of the capital reserves before you commit to the purchase of any unit.
Copyright ©2011 02038.com
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[post_content] => 165 Pleasant Street is an attractive, affordable townhouse for sale in Franklin, MA with no condo fees! New roof, new hardwood floors, new kitchen cabinets and fresh paint are just some of the many upgrades and improvements that make this home a winner! Hardwood kitchen with eat-in area enjoys southern exposure for loads of natural light and opens. to beautiful hardwood living room with exciting gas fireplace. Half bath on first floor with pedestal sink. The lustrous hardwood continues on second floor in hallway and both bedrooms. Sparkling main bath with tub/shower enclosure. Pull-down stairs to attic create valuable extra storage space. Nicely finished lower level is a super exercise area, playroom or home office. You’ll love the cen air during the hot summer months! Wraparound composite deck leading to paver patio and wonderful stone fire pit for evening relaxation, weekend barbeques, and all around entertaining fun! Plenty of room for garden in roomy side yard. Vinyl siding, replacement windows, composite deck and town sewer make maintenance a breeze.
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by Warren Reynolds on April 13, 2013
165 Pleasant Street is an attractive, affordable townhouse for sale in Franklin, MA with no condo fees! New roof, new hardwood floors, new kitchen cabinets and fresh paint are just some of the many upgrades and improvements that make this home a winner! Hardwood kitchen with eat-in area enjoys southern exposure for loads of natural [...]
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by Warren Reynolds on February 6, 2013
The market for Highwood condo units picked up in 2012. The average sales price of condominium units at Highwood in Franklin, MA rose a rousing 11.1% for the year! It was the first annual sales price increase at Highwood in the last 7 years. Average sales price up, days on market down The average sales [...]
Tagged as: Highwood Condos
by Warren Reynolds on February 6, 2013
Stone Ridge townhomes in Franklin, MA had a good year in 2012. The average sales price at Stone Ridge rose in 2012 amid a strong surge in home sales volume throughout the Bay State last year. Average sales price up, sales volume slips The average sales price of homes at this popular condo community in [...]
Tagged as: Stone Ridge
{ 0 comments }
by Warren Reynolds on February 6, 2013
The market for Spruce Pond Village townhomes in Franklin, MA had a lackluster year in 2012. But due to a strong surge in home sales volume throughout the Bay State last year, the outlook is upbeat for this desirable condo community in Franklin, MA. Sales volume flat, average sales price down While home sales volume [...]
Tagged as: Spruce Pond Village
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by Warren Reynolds on February 6, 2013
The market for Franklin Crossing condos in Franklin, MA had an indifferent year in 2012, despite a surge in home sales volume throughout the Bay State last year. Average sales price and sales volume down While home sales volume in the overall MA market rocketed a strong 22% in 2012, only four units sold at [...]
Tagged as: Franklin Crossing
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by Warren Reynolds on July 19, 2012
The first half of 2012 saw an improving outlook for condo sales at Highwood in Franklin, MA. The average sale price at Highwood would have risen significantly during the first half of the year, but for the sale of one Highwood unit at a shockingly low price. This discounted price skewed the average selling price [...]
Tagged as: Highwood Condos
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by Warren Reynolds on July 19, 2012
The Massachusetts real estate market experienced a strongly positive shift in momentum during the first half of 2012. Home sales soared as buyers competed avidly for desirable properties. If Massachusetts real estate continues on the upswing, we should see a better market developing for units at the Franklin Crossing Condominiums in Franklin, MA. MA real [...]
Tagged as: Franklin Crossing
{ 0 comments }
by Warren Reynolds on July 19, 2012
Market stats for the first half of 2012 produced solid reasons for optimism about the future of prices at Spruce Pond Village, the popular townhouse condominium community in Franklin, MA. Market started looking up in early 2012 There was a profound change for the better in the MA real estate market in the first half [...]
Tagged as: Spruce Pond Village
{ 0 comments }
by Warren Reynolds on July 19, 2012
A rise in the average sale price of units was the highlight of market activity at the Stone Ridge Condominiums in Franklin, MA during the first half of 2012. Four units changed hands at Stone Ridge during the first 6 months of the year at an average sale price of $223, 725, an increase of [...]
Tagged as: Stone Ridge
{ 0 comments }
by Warren Reynolds on May 1, 2011
The FHA recently began implementing previously proposed changes to its guidelines governing government-insured mortgage financing for condominiums. Among these new FHA mandates is a requirement that condo associations carry large capital reserves. Many finance experts are predicting that most mortgage lenders will incorporate similar requirements into their own underwriting guidelines, making the new prerequisites almost [...]
Tagged as: Condos, Massachusetts Real Estate
{ 0 comments }
Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
Century 21 Commonwealth
9 Main Street
Franklin, MA 02038
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