Home Buying in 60608>Question Details

Greg Pierce, Home Buyer in Chicago, IL

What lenders will provide mortgages for condos in buildings with less than 70% of the units sold or under contract?

Asked by Greg Pierce, Chicago, IL Mon May 13, 2013

I am in Chicago

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Answers

10
Greg,

Talk to your Realtor. Often the builder has a relationship with a lender that can get this loan closed.

Best regards,

Ivan Sagel
312.515.7823
Ivan@atproperties.com
http://www.atproperties.com/agents/IvanSagel
0 votes Thank Flag Link Wed May 15, 2013
Hi Greg,
These buildings are usually considered "non-warrantable" with Fannie Mae. We have a few lenders that provide financing for these types of projects.

If you'd like to discuss further, shoot me an email or give me a call any time.

Thanks,
JP


JP Marzano
Chicago Financial Services
312-608-1555 - cell
jpmarzano@cfsmortgage.com
http://www.themortgagecall.com
0 votes Thank Flag Link Tue May 14, 2013
Hi Greg,

I work very closely with Mary Kay Laurent with Guaranteed Rate. Her number 773-516-6859. She is amazing. Tell her I told you to check with her. If she cannot help you she has many resources and she will be able to direct you.

Best of Luck
0 votes Thank Flag Link Tue May 14, 2013
Our Team | United Equity Mortgage Corp.
http://www.unitedequity.us/our-team.html‎
15+ items – Wieslaw (Wesley) Jura Vice President. NMLS ID 225274 ...
Wieslaw (Wesley) Jura Vice President. NMLS ID 225274
Paul Gondek Senior Loan Originator. NMLS ID 226276
773-304-3412
773-304-3414
0 votes Thank Flag Link Mon May 13, 2013
There are a lot out there, they are just different types.
0 votes Thank Flag Link Mon May 13, 2013
BMO Harris, has a great deal now that can help you out. Please visit my website at http://www.idealhomesinchicagoland.com and go to my featured partners page. You may also look for listings that up to date. Call me direct if you have any questions.
0 votes Thank Flag Link Mon May 13, 2013
My web site has some lender references. Give them a call.
0 votes Thank Flag Link Mon May 13, 2013
brokers normally have the best portfollio
0 votes Thank Flag Link Mon May 13, 2013
I can help you - no problem
Sam Sharp
Senior VP of Mortgage Lending
Guaranteed Rate
773 290 0455
0 votes Thank Flag Link Mon May 13, 2013
You need to contact with a good mortgage broker with experience
0 votes Thank Flag Link Mon May 13, 2013
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