{ "media_type": "text", "post_content": "What are 30 year mortgage rates for condos in the NY area? Is it usually more than single family or the same?", "post_id": "60499b78581fc40024e44eda", "reply_count": 1, "vote_count": 2, "bowl_id": "5a5242b78e26290018502ca0", "bowl_name": "The Real Estate Bowl", "feed_type": "bowl" }

What are 30 year mortgage rates for condos in the NY area? Is it usually more than single family or the same?

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Condo rates are generally always higher than single family because most of the buildings are considered commercial (especially if they contain retail and/or commercial in the building). The loan process is a bit more challenging and banks typically ask for 20-25% down.

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