5 Benefits of Investing in Condos for First Time Home Buyers

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5 Benefits of Investing in Condos for First Time Home Buyers American Pacific Mortgage / June 27, 2022 at 8:00 AM Buying a home involves a lot of choices-locations, type of home, type of loan, and more. In many areas, a condo is priced a bit lower than a single-family home and can offer just as much square footage. You'd be hard-pressed to find a single-family home that had all these extras, but condos generally offer amenities that you pay for via your HOA payment. Some first-time buyers who know they want to hold the condo long-term will even turn these assets into their vacation homes down the line because they enjoy the common areas, amenities, and all the perks that come with the unit. Investment Property Possibilities Just as condos can be a primary residence or vacation home, they can also be a real estate investment. Plus, buying a condo is easier than ever now thanks to new condo approval rules for FHA loans. Our APM Loan Advisors can help you get the mortgage process started whether you're looking to buy a condo or single-family home.