I realize this is an older posting, but if you are still in need of assistance with non-warrantable condos, please let me know. Most all the condos I deal with near the University of Texas area fall into this category. I can regularly get them financed meeting your criteria listed above without seller financing- and fast.. email@example.com, Realtor -Metro Realty.
I am glad you asked. I am an investor (REALTOR as well) here in Austin and I typically come across several deals per month where the seller agrees to either leave the existing financing in place and simply have it taken over, or in cases where the property is free of liens they will offer seller financing.
More often than not these properties need a good deal of rehab, but we do find a select few that are ready for retail. I am experienced in rehabs, currently have 3 going on in Austin area, and would be happy to help you with any other questions you may have.
Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been offering loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.
Bart Gabe - Lending Nationwide Since 1987
800 315 8803
I may have a recommendation for a lender that would be able to finance this purchase. Would this condo be for an investment property or for an owner-occupied home? Generally speaking, lenders will finance a condo when the ratios are higher than normal when they have a well-qualified borrower that can afford to make over a 20% down payment.
If you'd like some more information, please contact me and I can research it for you.