Are you looking to purchase or invest in a Florida condominium, including a non-warrantable condominium? – David A. Krebs Licensed Mortgage Broker in Miami

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Non-Warrantable Condos. Condominiums that are not in FHA-approved buildings require conventional financing. Decide if you want to invest in a unit under these conditions before proceeding with a conventional loan application. Also note that if you want to purchase a.

Opera Tower: Luxury Bay and City view condo in downtown Miami Non-warrantable condominium financing is more expensive, requires higher down payments and may not even be offered by some lenders. When you purchase a condominium, you are sharing the responsibility for the maintenance of the property, along with the payment for all of the amenities and.

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I am considering purchasing a cash-flowing Condo by seller financing. I know the seller , being a family member, will be okay with financing What sort of LTV can I expect for refinancing a non-warrantable condo? Non-Warrantable condos are pretty common and finding a lender is possible.

A non-warrantable condo is a condominium property in which the loan is not eligible to be sold to Freddie Mac or Fannie Mae, and as such, mortgage financing for this type of property is considered by most banks to be more "risky." Florida Condo Loan Down Payment Requirements for a Warrantable.

Therefore, if you are looking to purchase a non warrantable project, you will need to do some research on alternative financing options. One of the mortgage companies that have programs available for financing non warrantable condo projects is Starr Mortgage Company, Inc. Their.

David Krebs, president of DA Krebs Inc. in Miami. If you have a client looking for a mortgage loan to purchase or invest in a Florida condominium. The association provides details about the.