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Generally speaking, the owner of a condominium unit may finance from 0% or 100% of the purchase price, subject only to finding a lender willing to make the loan: no Board approvals, no Board forms to fill out, no business dealings with the Board, no "recognition agreements" to sign (which are for cooperatives only).
Of course, if the unit owner is in arrears or otherwise in breach of the condominium by-laws, the by-laws may restrict his ability to consummate the loan until the breach is cured (arrears paid, violations removed, etc). The financing or refinancing of a unit is another way for a unit owner to realize economic value from his unit.
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