Many older condominium complexes in St. Louis Metro area are not FHA approved meaning the buyer will have to buy it with a conventional loan. Typically the non-FHA-approved condos are not in new complexes but tend to have more amenities like clubhouse, pool and tennis courts. Their landscaping is more desireable because it's mature and the complexes are very well maintained. The loan pricing is a little different as well. For any borrower that does not put down at least 25%, your rate will be slightly higher at 5.125% rather than 4.875% as of today. If you put down at least 25% or more, your rate will be the typical conforming 30-year fixed rate. For more financing options, contact Mark Widdicombe at Heartland Mortgage at 314-512-8915. Tell him Sandie sent you!