Home Buying in Rochester>Question Details

Somebody, Home Buyer in Rochester, MI

Unwarrantable condo mortgage

Asked by Somebody, Rochester, MI Tue Aug 30, 2011

I recently signed a purchase agreement for a condo that turned out to be unwarrantable because 12% of the units are owned by a single entity. There are lenders who will still do this type of loan if I have 20% down but I only have 10% tops. Is there anyone in Michigan willing to do an 80/10 or 80/15 loan these days? Other options? I have a credit score of 790 and excellent debt to income...

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If you are not currently working with a Realtor contact me, I have questions and would like to have a conversation with you. We might be able to figure something out. My office is on Rochester.

Thanks
Pam Bava, Realtor
0 votes Thank Flag Link Fri Mar 23, 2012
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