Bluestar Mortgage of Orlando, is the trusted choice for Non-Warrantable Condo Loans. Give us a call at 321-400-5545 to speak with a FHA loan expert who can assist you in determining if a Non-Warrantable Condo loan is the right option for you. You can also click on the schedule a free consultation button above.
Living in a condominium can be an excellent choice for varied reasons. It can be a good option in property ownership without stressing your home’s exterior maintenance. It may also be economical to reside in a city or even a hot spot vacation without purchasing an entire house.
What causes a condo unit non-warrantable?
A condo unit is deemed non-warrantable when it does not meet the traditional guidelines and will not be purchased by government-supported individuals like Fannie Mae and Freddie Mac. Thus, it may be challenging to look for funding since major lenders find an increased risk to finance a loan for this kind of property.
Certain companies may have their own set of standards to find out of it is non-warrantable or warrantable, but in general, below are the causes for a condo unit to be considered non-warrantable:
It may be challenging to look for reasonable financing for a non-warrantable condo unit. But you can team up with loan experts to attain your dream of acquiring a condo unit. They will provide options and solutions to finance the loan you want for that perfect condo unit without the hassles and stress.
If you are interested in a Non-Warrantable condo loan, call us at: 321-400-5545 to speak with a Non-Warrantable condo loan expert who can assist you in determining if a Non-Warrantable Condo loan is the right option for you.
We guarantee that we will be able to close on or before your set closing date or we will waive all of our lender fees.