I am trying to find a lender that can potentually finance a purchase on a non-warrantable condo in Ca with 20-30% down. by bavery from San Diego, California. Mar 7th 2011
Cant do non warrantable condos. sorry.
HiFor owner occupied purchases, we can go to 80% loan to value up to 600k. You can refer to the link below regarding my January blog regarding NW condo financing, or call me at (800) 736-0565.https://www.lender411.com/mortgage-articles/1784/Financing-non-warrantable-condo-loans/ThanksDon Maherwww.nonwarrantablecondoloans.net
We can lend on unwarrantable condos under certain conditions. .... What is the reason for the HOA being unwarrantable? ... Happy funding, Rudi
We can do non warrantable condos but are looking for the following: 1.Strong borrower. 700+ credit usually2.Strong property. Need to know why non-warrantable3.Income - Low DTI - need to be under 45% back end4.LTV - 80 or lessGuidelines to go off of, but each file is case by case.WA, OR, and CA loansbill@pcmtg.net or 253-232-5843
I would reach out to a local mortgage broker in your area to point you in the right direction. I have access to non warrantable condo loans but I only lend in Florida.Thank you,Melvin ListLicensed Mortgage Loan Originator, NMLS# 243087American Mortgage Services CO NMLS# 259805Cell: 813.629.5478www.flbestrate.com
Ask our community a question.