Non Warrantable Condo Loans in Miami
We offer loans on non warrantable condos NATIONWIDE.
Call us 880 315 8803, 7 days a week or visit us at www.bartprequalifies.com 7
days a week.
A non-warrantable condo, by definition, is a condominium
that does not meet the minimum eligibility standards as set by Fannie Mae,
Freddie Mac or FHA.
When condo buildings fail FHA, Fannie and Freddie's
minimum standards, it's often for one or more of the following
The project is more than 10% owned by one entity
50% or more
of the project units are rentals
More than 20% of the building square footage
The project is filed with the SEC and is sold as an
The project is "new" and grants concessions and/or
abatements not listed on the settlement statement
Other issues that might
affect Fannie, Freddie or FHA approving a building are unsold units, pending
litigation and time the condo control board has controlled the building. The
biggest obstacle for a Fannie Mae approval has been their requirement to have at
least 85% of the association dues to be current.
If you are refinancing
or buying a condo, we loan on FHA, VA, Fannie Mae, and Freddie approved
buildings along with NON WARRANTABLE condos NATIONWIDE, call us at 800 315 8803,
7 days a week or visit us at www.bartprequalifies.com
We loan up to 80%
LTV and have a minimum loan amount of $100K.