the condos i want can not be financed? nonwarrantable

There are some lenders that offer direct financing of those properties, but the details of why they are nonwarrantable make a difference, as does whether you will be living there or it will be rental property. Unfortunately I do not have that option for properties in MD. I expect another lender on this site may reply that they can help, otherwise check with smaller community banks in the area where the property is located. Good luck!

As long as the builder or the HOA is NOT in litigation, we offer NON Warrantable condo financing nationwide. You will need at least 20% down. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been lending nationwide since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

GIve Jaimie a call, or another option is to ask the listing agent for a condo you are interested in if they have financing options already lined up. Sometimes they already know local lenders that can help

There are lenders out there that will do "unwarrantable" condos.. The rate will be high, the down payment will be high, and the lender fees will be high, so be advised.. but why would you want to buy one of these? The lenders look at risk vs. reward.. For them.. an unwarrantable condo has too much risk for them to feel comfortable about lending on it.. Low owner occupancy rate, high bank owned or foreclosed units.. too many delinquent owners, low reserves, pending litigation, etc, etc, etc.. for the very reason a lender wont lend on one of these projects is the same 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

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