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Hi!  I'm Denise Martin.  Thank you for visiting my website.  If you would like to buy or sell a home please call or text me at (801) 602-9552.

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Provo Townhomes - Townhouses in Provo Utah
To buy or sell Provo Real Estate
SoldByDenise.com
  • Home - Provo Townhomes
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  • Low Down Complexes
  • Alpine Brook Townhomes - Provo, UT
  • Aretta Gardens Townhomes - Provo, UT
  • Arlington Townhomes - Provo, UT
  • Aspen Summit - Provo, UT
  • Bayview Estates - Provo, UT
  • Bel Courtyard Townhomes - Provo, UT
  • Campus Lane Townhomes - Provo, UT
  • Campus View Townhomes - Provo, UT
  • Canyon Brook Townhomes - Provo, UT
  • Canyon Meadow Townhomes - Provo, UT
  • Canyon Village Townhomes - Provo, UT
  • Carson Townhomes - Provo, UT
  • Carson Corner Townhomes - Provo, UT
  • Castlebrook or Camelot Townhomes - Provo, UT
  • Chandell Townhomes - Provo, UT
  • Chatham Towne Townhomes - Provo, UT
  • Chatsworth Townhomes - Provo, UT
  • Chelsea Townhomes - Provo, UT
  • Colony Park Townhomes - Provo, UT
  • Copenhagen Court Townhomes - Provo, UT
  • Copperfield Square Townhomes - Provo, UT
  • Cottages at Woodside Twin Homes - Provo, UT
  • Country Corner Townhomes - Provo, UT
  • Creative Estates Townhomes - Provo, UT
  • DeerHaven Townhomes - Provo, UT
  • The Downs Townhomes - Provo, UT
  • Eagle Ridge Townhomes - Provo, UT
  • East Temple View Estates - Provo, UT
  • Eastgate Townhomes - Provo, UT
  • Edgewood Townhomes - Provo, UT
  • Evergreen Place Townhomes - Provo, UT
  • Franklin Commons Townhomes - Provo, UT
  • Garden Villa Townhomes - Provo, UT
  • Georgetown Townhomes - Provo, UT
  • Grande Columbia Manor - Provo, UT
  • Grandview Farm Townhomes - Provo, UT
  • Green Pines Townhomes - Provo, UT
  • Heather Park Townhomes - Provo, UT
  • Highland Park Townhomes - Provo, UT
  • Independence Avenue Townhomes - Provo, UT
  • Ironton Rail Townhomes - Provo, UT
  • Ivy at the Ridge - Provo, UT
  • Liberty Place Townhomes - Provo, UT
  • Lone Tree Townhomes - Provo, UT
  • McClellan Court Townhomes - Provo, UT
  • Marrcrest Townhomes - Provo, UT
  • Millrace Townhomes - Provo, UT
  • Mokal Townhomes - Provo, UT
  • Mountain View Townhomes - Provo, UT
  • Mt Vista Townhomes - Provo, UT
  • Nantucket Townhomes - Provo, UT
  • Oak Pointe Townhomes - Provo, UT
  • Olde Ivy Townhomes - Provo, UT
  • Osbrey Townhomes - Provo, UT
  • Paradise Park Townhomes - Provo, UT
  • Park Ridge Townhomes - Provo, UT
  • Peachtree Estates Townhomes - Provo, UT
  • Pine Tree Place - Provo, UT
  • Pioneer Townhomes - Provo, UT
  • Promenade Townhomes - Provo, UT
  • Riderwood Village Townhomes - Provo, UT
  • Rivergrove Townhomes - Provo, UT
  • Riverside Cottages - Provo, UT
  • Riverwalk Townhomes - Provo, UT
  • Rock Canyon Temple Estates - Provo, UT
  • Rose Court Townhomes - Provo, UT
  • Santa Barbara Townhomes - Provo, UT
  • Scandia Village Townhomes - Provo, UT
  • Shadowbrook Townhomes - Provo, UT
  • Southtown Townhomes - Provo, UT
  • Spring Creek Townhomes - Provo, UT
  • Sunrise Village Townhomes - Provo, UT
  • Sunset Court Townhomes - Provo, UT
  • Temple Lane Townhomes
  • Temple View Estates - Provo, UT
  • Three Fountains Townhomes - Provo, UT
  • Tri-Terra Townhomes - Provo, UT
  • Villages at Quail Valley - Provo, UT
  • Village at the Riverwoods Townhomes - Provo, UT
  • Waterford Townhomes - Provo, UT
  • Westbridge Townhomes - Provo, UT
  • Westgate Townhomes - Provo, UT
  • Westgate Retreat Twinhomes - Provo, UT
  • Woodside Townhomes - Provo, UT

Low Down-payment Financing for Townhomes

Since the "great recession," getting a low down payment loan for a condo — FHA or otherwise — can be a challenge for buyers who want to move into a complex recorded as a "condominium" as opposed to a "Planned Unit Development" (PUD). However, it’s not impossible. Knowing your own finances and researching the condo complex and Condo Homeowners Association will help you find a condo or town home you can still purchase with a low down payment.

Borrower qualifications
Every loan requires different qualifications for a borrower, even folks who are borrowing money to buy a condo. In addition to the typically required excellent credit and steady employment, many borrowers of complex recorded as a condominium may be required to put a 10 percent or even a 25 percent or higher down payment unless the complex is currently approved for low down payment financing.

Condo Homeowners Association

One of the hurdles to buying a condo is that it’s not only your personal qualifications the lender will look at, but also the qualifications of the condo association. According to Investopedia, for a complex to be approved for FHA or low-down conventional financing, it requires conditions such as:
  • More than 50 percent of the condos must be owner-occupied.
  • No one can own more than 10 percent of the total units.
  • At least 85 percent of owners must be current on their dues.
  • If the condo complex is more than a year old, all the planned amenities must be in place.
  • Borrowers who make a down payment that is less than 25% will pay either an extra 0.75% of the loan amount at the closing or an interest rate that is approximately 0.25% higher.

Lenders also make sure the Condo Homeowners Association itself is in good shape by looking for the following:
  • Sufficient building and liability insurance
  • Adequate budget reserves
  • No pending litigation that could result in costly legal fees and lawsuits
  • No anticipated special assessments (for roofs, parking lots, etc.)

Other Options


If those situations aren’t met, the condo complex is labeled “non-warrantable,” but that doesn’t mean all hope is lost. It does mean you’ll likely have to pay cash for the property or obtain a different type of loan.

Provo Townhomes Approved as Planned Unit Developments (PUD)

  • Alpine Brook
  • Arlington
  • Canyon Brook Townhomes
  • Deerhaven
  • Eagle RidgeEastgate
  • Franklin Commons
  • Georgetown
  • Highland Park
  • Independence Ave
  • Lone Tree
  • Marrcrest
  • Mokal Park Place
  • Park Ridge
  • Pioneer
  • Riderwood
  • Sunset
  • Villages at Quail Valley
  • Westbridge
  • Westgate

    ​Contact Denise Martin, Orem's Nicest Realtor.  It would be my pleasure to help you buy or sell a condo or townhome.  Sorry, I do NOT handle Rentals or have any rental unit information.

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Denise Martin and Jessica Rowley, Provo Realtors
Denise Martin and Jessica Rowley, Provo Realtors
Denise Martin and Jessica Rowley, Orem's Nicest Realtors

SoldByDenise.com

(801) 602-9552 Denise Martin
(801) 960-8011 Jessica Rowley

Team@HomeRealty.com

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