Forgotten Your Password?

Need to Register?

Question Icon

Looking for a lender in VT that can help with a non-warrantable condo purchase

by trinity72 from Lindside, West Virginia. Feb 5th 2016 Reply


Justin Murray (JustinMurray)
#102 ranked lender in Illinois - 172 contributions

I lend in your state and can answer any questions that you have regarding non-warrantable condo purchases. Additionally, if you need an FHA Approval on a condo building we will do it for free. Feel free to email me or contact me by phone. Justin Murray (312)256-4065 or jmurray@WintrustMortgage.com

Feb 5th 2016
1
0

I can be reachef at 4144169194 to answer any condo lending questions thank you

Feb 5th 2016
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

All mortgages are sold on the open market.. but in order for them to be sold, they must conform to Fannie Mae or Freddie Mac's guidelines. When it comes to condo's, the lender is required to have the project management fill out a questioner, and it's the responses to those questions which make it eligible or not. Understand that condo's are one of the first property types that decline in value when the market is going bad.. conversely, they are one of the last property types to improve in value when the market is improving.. Lenders know this and for that reason, they represent a greater risk to the lender.. When the lenders wont lend on a property, it's usually because they understand valuation and risk vs. reward. If a condo is unwarrantable, the lender is basically saying that there are risk factors associated with this project that are greater than what we're willing to accept. For the very reason a lender wont lend on this condo project, should be the very reason you should avoid buying one.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 5th 2016
1
0
Subscribe to our news feed.