Arizona and Phoenix Resources
Buying a Condo in the Valley
Published 2026-07-31 · Last reviewed 2026-07-31 · Reviewed by Jim Lyddon, NMLS #2573609
Condominium financing evaluates the project in addition to the borrower. Owner-occupancy mix, association budget and reserves, insurance coverage and litigation status can all limit which loan programs are available in a specific Valley building.
What to know
- Project eligibility should be checked before an offer where possible.
- Some buildings are eligible for certain programs and not others.
- Association financial health can affect availability.
- Ask early rather than discovering the issue in underwriting.
How Jim approaches this
Bring your specific numbers. General education gets you oriented, but the decision only becomes clear when it is run against your income, your cash position, the property you are considering and how long you plan to keep the loan. That conversation is free and does not require an application.
The information on this website is provided for general education only and does not constitute financial, tax or legal advice. Loan programs, guidelines and availability are subject to change and to borrower and property qualification.
JHL Mortgage, Inc. is an Equal Housing Opportunity lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.