Boston condo buyers and mortgages.

Since April 2013, the ability for Boston condo buyers to obtain a conventional mortgage is easier now than two years ago.

In 2012, the FICO score required to obtain a conventional loan was 763. Today, the required FICO score dropped down to 755.

Boston condo buyers and mortgages

Boston condo buyers and mortgages

Click on chart to enlarge

Boston condo buyers and mortgages

Boston condo buyers and mortgages

Boston condo buyers and mortgages.

The average qualifying FICO score for an FHA loan in 2012 was 700. The average qualifying FICO score for an FHA loan in 2014 is 652.

From Money Magazine:

“Perhaps you thought the days of putting little money down for a home were gone. Well, not so fast. On Monday the CEO of Fannie Mae, Timothy Mayopoulos, announced that the housing giant planned to once again buy loans for which the borrowers put as little as 3% down. Mayopoulos told the crowd gathered at the Mortgage Bankers Association conference in Las Vegas that Fannie, which along with Freddie Mac supports the bulk of the mortgage market today, is working to finalize the details of the offering and gain regulatory approval to proceed. “We want this business,” he said”

 

Boston condo mortgage predictions.

In the first quarter in 2015 the experts predict  interest rates will be at 4.3%.  By the second quarter of 2015 the experts predict it will rise to 4.5%.

Boston Condos for sale.

Boston condos for sale under #300,000.

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Boston condos for sale under $700,000.

Boston Common condo priced under $800,000.

Real Estate condominium sales under $900,000.

Boston properties for sale under $1,000,000.

Back Bay homes for sale.

Beacon Hill townhouses and single-family home for sale.

 

Source: New York Times

Three bedroom Charlestown condo for sale.

Boston condo for sale in Charlestown.

One bedroom Boston condo for sale in Charlestown Massachusetts.

Boston condominiums for sale in the Back Bay area.

New Boston condos for sale in Back Bay.

Luxury Boston condos for sale in Back Bay.

The best Back Bay condos for sale.

View luxury Back Bay condominiums and homes for sale.

View new Beacon Hill condos and townhouses for sale in all price ranges.

Today’s newest Boston condos for sale in one of the finest areas of Boston.

Boston South End condos and homes for sale, new to the market.

 

Source: MLS

View Back Bay condos for sale:

Newest Back Bay real estate listing for sale.

Back Bay luxury condominium for sale.

Use the quick search box to view new Back Bay condos for sale.

For more information on how to be a Boston condo owner please contact John Ford at 617-720-5454. You can also email at realtyford@yahoo.com

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SEARCH FOR CONDOS FOR SALE AND RENTALS

For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

 

 

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