PUD vs. Condo, what’s the difference? » Mortgage Masters Group

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Planned Unit development (pud) today, many cities and counties are fitting more and more people into smaller areas. The most common way to accomplish this is to create a Planned Unit Development (PUD). Technically a PUD is an area where the standard zoning rules do not apply. A PUD allows for a higher density of housing units to be built per.

The differences in ownership do not preclude a bank from repossessing either a co-op or condo in the event a buyer is unable to pay back the mortgage.But unlike co-ops, HUD-approved condos can be financed through FHA mortgages while only certain banks participate in co-op lending and only after it’s determined that the co-op is a qualified building on the bank’s approved list.

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PUD vs. Condominium. by Reed Colwick on June 2, 2011. Did you know there are differences between these two that could potentially make one un-financeable in today’s economy? First, what is a PUD? PUD stands for a Planned Unit Development. This type of development is used to describe a.

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The main difference with PUDs as opposed to single family homes not in a PUD is the rules that homeowners must abide by. Even though you live in a single family home with your own yard and garage, you will still have to listen to the rules set forth by the association. Every association will be different too.

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As Laura has stated a PUD is a planned unit development. The big difference between and PUD and condo/townhouse is that is is designated as a single family residence. It helps a little with the value. That is why they tend to be more expensive then condos and townhouses.

PUD vs. Condo, what"s the difference?. mortgage masters group nmls Branch ID#: 373290 Phone 772-340-4003 Email doug@mortgagemastersgroup.com 481 SW Port St. Lucie Blvd. Ste. A Port St. Lucie FL 34953 View my complete profile. Blog Archive