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Looking to purchase a non-warrantable condo in FL. Anyone out there specialize in these?

by joleene414 from Kissimmee, Florida. Mar 22nd 2016 Reply


Please contact me at 28-833-9424, we do!

Mar 22nd 2016
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281-833-9424

Mar 22nd 2016
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Anthea Emerson (AntheaC2)
#217 ranked lender in Florida - 55 contributions

We do and we're located right here in the Orlando area. Give us a call or email at aaemerson@att.net. C2 Financial Corp

Mar 22nd 2016
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 637 contributions

We do them all the time...954-274-7725

Mar 23rd 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Much more info required to answer your question.. all conforming lending programs have guidelines specific to condo financing.. They are in place to protect the lender from taking on greater risk then they are comfortable with.. the condo questionnaire is used to determine if the property meets the lenders minimum lending standards.. If it does not meet the minimum, then there are lenders out there that might take on the risk (for an added cost, ie.. higher interest rates and fees), but understand that it's not a guarantee.. So for example, minimum standards state that the development must be at 50% or more owner occupied rate. Those banks that offer "non-warrantable" financing might only require 40%.. So they still have guidelines, but they are relaxed guidelines.. they are not eliminated altogether.. so without knowing all the details it's impossible to say.. But this I know for sure.. if you are having problems getting financing on it, think of what YOU will be up against if you buy it and then in a few years, you try to sell it.. you will have the same issues.. This is why I always advise folks.. If a lender, with all their resources, experience, and knowledge about risk, is not willing to lend on a property, it's probably not a good idea to buy it.. 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 NMLS# 226347

Mar 23rd 2016
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Louis Doherty (ldoherty@prmg.net)
#293 ranked lender in Florida - 2 contributions

We can do itNon-Warrantable CondosoUp to 90% LTV/CLTV (Single or Combo Loans)oUp to 100% Investor ConcentrationoNo Mortgage InsuranceoCredit scores down to 500oUp to 50% DTIoLoans up to $2+ millionoNew construction: Minimum 25% sold & closed

Mar 23rd 2016
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Bill Cook (loanpro)
#631 ranked lender in California - 43 contributions

We offer non-warrantable condo programs and I have multiple versions in case one does not work. I can offer up to 80% financing and are local in SW Florida. (941) 451 six75one William Omni Fund

Jan 10th 2017
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