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Non Warrantable Condo Refinance options for LTV 60%, Income of $150K and FICO of 800 in SF.

Does refinancing actually exist?New Construction in 2007 in SF. Non Warrantable cause the builder still owns 11% of the units, possibly the Below Market Rate units and commercial spaces. I find it hard to believe that its impossible to refinance. by john_sf from San Francisco, California. Jan 6th 2013 Reply


Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

We have some programs that will refinance Non-Warrantable Condos. Get into touch with me. P: 888-320-7888 www.MortgageWholesale.net - Ken Burrows

Jan 6th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Yes, it can be done. There are couple options but getting it warrantable would be easiest. Non-warrantable condo loan programs are rare but they are available. You'll need to make some phone calls to some LOCAL brokers to see if they have the program available to them and I am sure someone will answer on here that does offer the program. Talk to those that do have it.

Jan 6th 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

Would it be possible to have a Condo Questionnaire completed to review this in more detail? If so, I am happy to see what we can offer on a refinance for your situation. We are a Federally Chartered Bank and have access to a variety of loan programs through our own products and those from other partnering lenders in our correspondent lending program. Please visit my profile and email me directly to reply if you'd like. Thank you!

Jan 6th 2013
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Jeremy Redlinger (JeremyR)
#30 ranked lender in Minnesota - 191 contributions

You should have a wide range of lenders right there in CA that can help you. Be sure to get a few quotes.

Jan 6th 2013
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Edgar Aranda (earanda)
#753 ranked lender in California - 93 contributions

Yes that is possible. Depending on if there is any litigation in the complex against the developer. Of there isn't you can get this done with a Fannie Mae direct lender like us.

Jan 7th 2013
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