Conventional Loans

Obama in Hartford: A Subtle Spotlight on Connecticut’s Future — and Yours

June 20, 2025 | Community & Policy | Presented by ReadySetLoan™ Former President Barack Obama made a rare visit to Hartford this week,...

Neil Caron

Jun 21, 20252 min read

Condo Unit Financing Almost Killed Due to Reserve Contribution

Last week a loan officer contacted me regarding a loan he had in process. At the 11th hour, the lender was rejecting the conventional...

Neil Caron

Mar 10, 20152 min read

Importance of 10% Reserve Contribution to Condo Unit Financing

In speaking with several associations recently, I was surprised to hear that they knew about this FHA requirement but didn’t know anything about Fannie Mae. “We aren’t seeking FHA approval” was the response from one condo board member. Maybe not, but you are ruling out the VAST majority of buyers by not making this contribution.

Neil Caron

Feb 20, 20152 min read

Fannie Mae Reintroduces 97% Financing for Condominium Units

Last week Fannie Mae announced the reintroduction of 97% financing for single-family homes, PUD units and condominium units. This...

Neil Caron

Feb 6, 20152 min read