Financing in 85020>Question Details

Aaron Woodwe…, Home Buyer in Phoenix, AZ

Non-warrantable condo financing

Asked by Aaron Woodwell, Phoenix, AZ Thu Oct 17, 2013

Looking for a reputable lender who works with non-warrantable condo's. I want to refinance my condo in Phoenix, AZ

Details below:
65% LTV
740 Credit
Full doc income

Any advice?

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Answers

4
Aaron we offer non warrantable condo loans.

I am happy to answer your mortgage questions. Feel free to contact me at 800 315 8803.

Bart Gabe
800 315 8803
Lending Nationwide since 1987
http://www.bartprequalifies.com
0 votes Thank Flag Link Thu Oct 17, 2013
Aaron,

It is possible. Based on the data you provided you are good to go. The condo also needs to qualify, just to a lesser standard than a warrantable condo project.

If you want to explore that please contact me. I have done this type of loan in some time until this summer. I have now closed three of these loan types.

Dave Jackson
Loan Officer/Real Estate Asset Planner
Financing Solutions for Arizona Real Estate since 1993
American Financial Lending, Inc.
20860 N. Tatum Blvd, Suite 160
Phoenix, AZ 85050-4277
602 277-3800 w
602 631-9788 f
602 524-2401 c
602 912-9438 h
davej@aflhomeloans.com http://www.aflhomeloans.com
0 votes Thank Flag Link Thu Oct 17, 2013
Aaron

Have you reached out to your current servicer and discussed the potential for them to make changes for you? Sometimes they can do some streamlined changes at a very low cost for you.
0 votes Thank Flag Link Thu Oct 17, 2013
I have not, but that's a good idea!
Flag Thu Oct 17, 2013
Need a little more info Aaron.

Do you live in the condo or is it a rental or vacation home?
How much is the balance on your current mortgage?
Are you looking to just lower the rate or did you want to take cash out?
Why is it non-warrantable? Is it the investor concentration or something worse like the association being bankrupt or sued.

Those answers will help narrow things down a little bit. My company offers options, but I just need to know specifics so we can have an idea of rate/programs.

Tony

Tony Grech | Mortgage Loan Originator | NMLS #977416
PMAC Lending Services, Inc.
Toll-free (855) 642-4762 ext. 278
Mobile (313) 622-7383
Fax (248) 945-4842

tony.grech@pmac.com
0 votes Thank Flag Link Thu Oct 17, 2013
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