Refinancing a non-warrantable condo

I'd be happy to help. Your 1st lien would be able to be refinanced without any issues with a new FHA Insured Loan (streamline refinance) but the issue will be how to get the 2nd included as the streamline does not include paying any additional debt off. I'm checking our sources now, but I would need more details offline, such as your payment history, credit score, actual value of the condo, etc. Send me an email if you'd like me to work on this in more detail. Thank you!

There are lenders out there that will finance this property type.. But you have to check around.. Calling local banks is a waste of your time.. They have very confined lending products, and they never go outside the box.. 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. 480-287-5714 WilliamAcres.com

US Bank can do them.

Truthfully -- I think you need a portfolio lender, credit union, small bank that is local. You might run into allot of brick walls -- This falls under that category "the further you look into the distance, the less you see" -- Good Luck - AA

When you say you have 76k in equity what is the value at your best guess of the condo?Ryan Michael ROMERO CA DRE 01810267 | NMLS# 333803619 884 9116) | 888 308 7775 (Fax)Ryan Michael & Associateswww.rmfundinggroup.com

What is the total value of your condo? What State are you and County? Ryan Michael ROMERO CA DRE 01810267 | NMLS# 333803619 884 9116) | 888 308 7775 (Fax)Ryan Michael & Associateswww.rmfundinggroup.com

So you feel the value of your condo is approx. 225K? Also, are you looking to refinance the 1st and 2nd into one loan?

Try a local bank. I think that is your best bet on these non-warrantable condo's

You will definitely be able to find a lender that does them as long as you fit the guidelines. Find a Broker or Mortgage Lender, they will usually have more options to help you achieve your goals in this situation

Depending on the reason for it not being warrantable, as well as your credit score, there are a few products out there for you..Good LuckMG

Hello,I do am able to help you out. Please call me anytime at 949-278-5387.Eddie

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.Bill-