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NON- WARRANTABLE CONDO LENDERS FLORIDA

NON- WARRANTABLE CONDO LENDERS FLORIDA

(No longer required to be FNMA warrantable)  (If the Florida condo makes sense, exceptions may be made to the requirements below)

 

  • o Must be 100% complete.
  • o No condo / hotel.
  • o Maximum 50% investment occupied unless in a resort area and typical for the area.
  • o Maximum AOF penetration is 25%.
  • o Must be 75% sold and closed.
  • o No pending litigation.
  • o Minimum 400 square footage.
  • o No single entity can own more than 10% of the units.
  • o No multiple dwelling units and units must be fee simple.
  • 1STARTNOW

    www.Florida-Mortgage-Lenders.com

 

Please find attached the following Information requested in regards to our Florida Condo loans. Keep in mind that we do Non-Warrantable Condos. (No longer required to be FNMA warrantable)              

 

  1. Non-Warrantable Florida Condo Lenders / Rate Sheet.
  2.  Pre-Qual Form. 
  3. Florida Mortgage Lenders.com Wholesale Condo Questionnaire. (Attachment

 

(To save you some time, send me name of the Non-Warrantable Condo Development, physical address, any issues of the Development and I will send to our Corporate Office to see if Acceptable?)

 

Non-Prime Program:

 

  • 24 Month Self Employed Bank Statement Program

 

                        (Perfect for ALL that Write-Off Everything!)

 

  • Non-Warrantable Condos. (No longer required to be FNMA warrantable)
  • Use middle FICO score of Primary Borrower.
  • Cash out up to $500,000, Loan Amounts to $1 Million.
  • Scores Starting at 500, 80% LTV’s as low as 580 Score and up to 50% DTI.
  • 12 Month Seasoning on BK, Foreclosure, Short Sale and Deed-In-Lieu.
  • Rates have Dropped as LOW AS 7.49%.
  •  
  • Recent Housing Event Program:

1 Day out of Foreclosure, Short Sale and Deed-In-Lieu, No Seasoning.

  • No Seasoning of BK if Mortgage Included, otherwise 12 Months Seasoning for Primary Residence, 2nd Home 24 Months.
  • Non-Warrantable Condos. (No longer required to be FNMA warrantable)
  • Use middle FICO score of Primary Borrower.
  • Cash out up to $500,000, Loan Amounts to $1 Million.
  • Scores Starting at 500, 80% LTV’s as low as 580 Score and up to 50% DTI.
  • Jumbo Loans, O/O, Condo’s, 2nd Homes, Bank Statements and Non-Permanent Resident Aliens Allowed.
  • Rates have Dropped as LOW AS 7.99%.

 

Investment Property Program:

 

  • 1 Day out of Foreclosure, Short Sale and Deed-In-Lieu, No Seasoning.
  • No Seasoning of BK if Mortgage Included, otherwise 12 Months Seasoning.
  • 5 properties with AOF or a total of 20 properties regardless of the Lender.
  • Properties in LLC OK, Individual must be on the Note, LLC will be on Title.
  • Cash out up to $500,000, Loan Amounts to $1 Million.
  • Foreign National, Max 65% LTV,Scores down to 560, Funds Seasoned for 60 days, 30 days seasoning in U.S. Depository Institution, Very Few Country Restrictions,

 

                   No PPP, No Points, 30 Fixed Rate.

 

 

FHA Mortgage Lenders By State: 
Florida   Texas  Georgia  Alabama  

FHA-MORTGAGE-LENDERS.COM – Specializing in FHA government mortgage solutions and delivering the most updated FHA information to the consumer. FHA-Mortgage-Lenders.com has an extensive lender network that allows us to provide flexible update FHA mortgage lenders information from portfolio FHA mortgage lenders providing a comprehensive selection of non-traditional FHA, VA, USDA, Conventional, for all including bad credit mortgage applicants.

FHA-Mortgage-Lenders.com is not a direct FHA Mortgage Lender. Information on this site Is for example purposes and should not be relied on for decision making.

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We are US Mortgage Lenders. Major real estate brokerages regularly entrust their clients to our team due to our reputation for transparency, delivering on time, customer satisfaction and loyalty. With five-star customer reviews on Zillow.com and counting, you're assured of having the backing of an experienced team.
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