View Boston Midtown condos for sale

Boston Midtown condos for sale

Selecting a Mortgage

  1. If you choose financing for the longest fixed period, like a 30-year-fixed, your interest rates will be higher, but long term loans like these are considered less of a risk. Another option is an adjustable rate mortgage (ARM), like a 5-year ARM, can help some borrowers qualify because the interest rates may be lower, but this does not reduce your risk level in the eyes of your loan representative.
  2. A mortgage lender will will typically sell loans up to $417,000 to Fannie Mae and Freddie Mac. This means that your lender will be less likely to make exceptions on these loans because of the Fannie Mae and Freddie Mac specifications. Loans amounting to greater than $417,000 are kept on a balance sheet for lenders making exceptions more likely.
  3. Your loan to value ratio is the percent of the loan you are requesting in relation to the value of the home you are purchasing. If you are looking for exceptions in any of the other 7 areas lenders look at this is one of the most important. You will want to make sure this ratio is as low as possible, so this means you will need a larger down payment.
  4. Your monthly housing cost plus all of the other monthly debt as a percentage of your income is you debt to income ratio (DTI). DTI can be as high as 43% if necessary, but having a low DTI is another critical factor in making exceptions in other areas. As a self-employed individual be sure to seek out a professional who knows how to analyze self-employed income sources, such as tax returns or business financial statements.
  5. Lenders look at what your reserves are after you close and typically like to see housing cost

Boston Condos for Sale Near Downtown Boston

Back Bay Boston condos for sale 
Beacon Hill  Boston condos for sale
Charlestown Boston condos for sale
Navy Yard Charlestown  Boston condos
Dorchester Boston condos for sale
Fenway  Boston condos for sale
Jamaica Plain Boston condos for sale
Leather District Boston condos for sale
Midtown/Downtown  Boston condos for sale
Seaport District Boston condos for sale
South Boston condos for sale
South End Boston condos for sale 
Waterfront condos for sale 
North End condos for sale
West End  condos for sale
East Boston condos for sale


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Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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