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Vanglen, Real Estate Pro in Seattle, WA

Who knows of a lender who can do conventional, non owner occupied loans on condos in Seattle?

Asked by Vanglen, Seattle, WA Sat Jul 23, 2011

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9
If it's a warrantable condominium most lenders will do them, including us.

Is there an issue with the condo that makes it non-warrantable? High investor occupancy? More than 15% of owners past due on HOA fees? HOA not even developed yet?
1 vote Thank Flag Link Sat Jul 23, 2011
here is what we look for

1. Strong borrower. 700+ credit usually
2. Strong property. Need to know why non-warrantable
3. Income – Low DTI – need to be under 45% back end
4. LTV – 80 or less
5. WA, OR, and CA

Guidelines to go off of, but each file is looked at on a case by case basis

bill@pcmtg.net or 253-232-5843
0 votes Thank Flag Link Wed Mar 26, 2014
I can do these all day long and i do a lot of loans in Washington. Let me know of you haven't place it yet. Thanks!
0 votes Thank Flag Link Sun Jul 24, 2011
Hi Vanglen,

I probably have three lenders, off the top of my head, that I can recommend to you. You can contact me and let me know more details and I can send you in the right direction. Depending on your situation, there may be other lenders I would recommend.

Warmly,
Karen
0 votes Thank Flag Link Sun Jul 24, 2011
I recommend calling Susan Romei with Sterling Savings Bank. She has a lot of experience with condominium financing. Her phone is 206-287-5775 and her email is Susan.Romei@sterlingsavings.com. Good luck with your purchase!
Web Reference: http://www.thereedteam.com
0 votes Thank Flag Link Sun Jul 24, 2011
I have a good lender at Wells Fargo that can help if you haven't found someone already. Let me know if you want her information.
0 votes Thank Flag Link Sat Jul 23, 2011
Vanglen,

I can do the loan for you. I rent my house out in Shoreline where I used to live. Now I live in Kenmore, so we are close to each other. Give me a call at 206-841-9976 or 425-483-6849 any time.
Web Reference: http://www.metromgi.com
0 votes Thank Flag Link Sat Jul 23, 2011
Website to Seattle Pacific Mortgage - Lincoln Louie 206-940-3892
0 votes Thank Flag Link Sat Jul 23, 2011
Call Lincoln Louie at Seattle Pacific Mortgage: 206-940-3892 he is a specialist in non-owner occupied loans on condos and homes in Seattle.
0 votes Thank Flag Link Sat Jul 23, 2011
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