What is the difference between a fee simple home and a condominium

Searching for town homes and row homes can be confusing to buyers with FHA or other low down payment mortgages

Low down payment buyers are often surprised to learn that a condominium might not be a good fit for their loan program. Single family homes are not always affordable in areas where buyers are looking, so looking for town-homes might work – if you can find the right one.  Some townhomes are just like single family homes as far as ownership is concerned; and others behave more like condominiums.  Learn about the differences in the video: