Dated posts and narrow Q&As for Chicago condo buyers: appraisals, pricing, taxes and first-time buyer rules.
Fannie Mae requires homeownership education on 3%-down loans when all borrowers are first-time buyers. When it applies, who can teach it and when to take it.
The Cook County homeowner exemption cuts a condo’s assessed value by $10,000. Who qualifies, what it saves, documents to file and how to fix a missed year.
Fannie Mae’s condo LLPA adds 0.125% to 0.750% of the loan on most condo purchases. See what it costs on a $300,000 Chicago condo and who is exempt.
UAD 3.6 became mandatory Nov. 2, 2026, but lenders can keep using old appraisal reports until May 19, 2027. What the change means for Chicago condo buyers.