We can Finance Non-Warrantable Condo's in the state of Florida
20% downpayment
4.5% interest rate
This is becoming a huge issue in Florida. Fannie Mae has specific guidelines on what makes a condo warrantable. The requirements of warrantability include these typical benefits: The condominium project (including common areas) is fully completed and the common areas are insured, the HOA Association is controlled by unit owners (as opposed to developer controlled), most of the units are owner-occupied (non-rentals or investors), and no one person owns more than 10% of the units. Rentals units are not more than 10% of the entire project.
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