Eligible borrowers can use their VA loan benefits to purchase a condominium rather than a single-family home. For first time homebuyers, a condo or townhome can have multiple benefits compared to a standalone house. However, to use your VA loan on a condo property, the property must be within a VA-approved development. Here's a guide to the basics...

Image by Wayne Feickert from Pixabay Whether you are buying a condo as a starter home, downsizing or if you just don’t like taking care of a yard, a condo might be the perfect situation for you. However, even with the plus of not having to maintain a yard, condos do have other pros and cons. Low Maintenance...

Image by Free-Photos from Pixabay Common-interest housing includes individually owned spaces and common areas shared by all owners. The common areas can include clubhouses, landscaping, parking lots or pools. Multistory buildings share lobbies, stairwells, and elevators. Any community that shares property including single-family free-standing homes in developments, falls into the common-interest category. The two most familiar types of...