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hi everyone derek bisson here and this video is all about condominiums condominiums are really hot here in florida but did you know that they can sometimes have special financing requirements in this video were going to cover everything you need to know about obtaining a mortgage for a condominium well cover topics such as what makes condominiums so different the three different types of condominiums and the major types of financing youll need to know for condominiums lets get started okay so what makes a condominium so different than every other type of home unlike a single family home or multi-family home a condominium is a unique form of home ownership in which the interior space of the home is individually owned while the exterior of the building and the land is owned collectively by your other fellow unit holders financing a condominium works pretty much the same way as you might expect any other home loan to work but there are two extra steps lets cover them first lets hand