re: Unwarranted condo complexes - financing options

I closed on the same exact type in September. Nobody national will touch you, you would need to finance through either a small homestead or credit union. I got a 30 yr at 3.9% variable. It sucked to do but it was a freddie mac foreclosure I got dirt cheap so I figured it would be worth it.

Keep in mind that it is best to buy if you plan on using it as a rental one day or you are a patient seller- anyone else will have the same trouble financing that you are having.

ETA: You might want to let your offer expire during inspection and negotiate a lower offer price based on this new knowledge. Tell the seller that it is difficult to finance the property and your rate is going to be higher because of this. If they have any sense they will realize you are being reasonable.