Get Pre-Qualified in Snowshoe, WV!

Financing a Snowshoe property can be tricky, primarily because much of the mountain property is considered “unwarrantable.” This means that many Snowshoe properties do not qualify for long-term fixed-rate mortgages that can be sold on the secondary market to the Federal government (Fannie, Freddie, FHLB, etc.). Often times lenders will require a “condo questionnaire” to be completed to understand better the type of property being financed.

What is a condo questionnaire?

A condo questionnaire is a document that most lenders require to determine if a property is designated as a townhouse or condominium – and is part of an HOA (Homeowner’s Association). The document helps lenders determine whether or not projects such as those in Snowshoe, WV comply with the lender’s underwriting prerequisites.

Lenders consider condominium units riskier than single-family homes because the physical and fiscal well-being of the entire development affects the unit’s value. If other residents fall behind on their association fees, it influences the community’s fiscal health. Similarly, if a high proportion of non-occupant owners rent out their units without maintaining them, it affects the community’s physical state. Therefore, association managers or HOAs are asked to fill out the condo questionnaire upon a lender’s request.

Local WV Lenders Can Provide Snowshoe Financing

Luckily, there are local Snowshoe lenders who can provide financing. Reach out to me at and I will connect you with one of those lenders!