SteveKnowsLoans recognizes the difficulty some borrowers may experience when trying to secure financing for a non-warrantable unit. Don’t worry if you’ve been turned down for a condo loan before because it didn’t meet Fannie Mae or Freddie Mac’s requirements. You can apply for a loan or consider other financing options. With our flexible financing choices and low rates, we can help you purchase a non-warrantable condo with confidence.
Our finance experts are familiar with the obstacles specific to non-warrantable condos and can help you secure favorable financing for your investment. Some of the various funding alternatives we provide are as follows:
- Available non-QM and non-agency programs
- Looser restrictions than the norm for condos with warranties
- Cases involving minor disputes could be examined.
- Multi-family developments with 10–30 apartments. There can be no more than three units owned by a single company (one unit in projects with fewer than 10 units). There is a unified 10% cap on condo warranties.
Because we know that every client’s needs are different, we provide individualized services. Some other features of the show are as follows:
- CLTV as high as 85% LTV
- Borrowing sums between $200,000 and $3,000,000
- The loan can be used for a primary residence, a second house, or a rental property.
- Both ongoing and brand-new endeavors might apply.
- Non-warrantable additions that are not permitted by Fannie Mae are taken into account.
- No territorial restrictions
- For primary residences, limited review is available up to 85% LTV (75% LTV for FL).
- Second residences and investment properties are subject to a limited examination up to 75% LTV (70% LTV in Florida).
Competitive and tailored loan options are what we do best here at SteveKnowsLoans. Reach out to us if you own a non-warrantable condo or other property that has financing challenges, and we’ll be happy to discuss the options open to you.
Call Steven Jackson at 813-616-9411 now!
