Warrantable Condo Mortgages
Welcome to Bennett Capital Partners, NMLS# 2046862 your one-stop-shop for all your condo financing needs. Our loan programs are designed to cater to a wide range of borrowers, including Conventional mortgages, Non-QM mortgages, Foreign National mortgages, First Time Homebuyer programs, Jumbo mortgages, Condominium Loans, Hard Money mortgages, Condo-Tels, FHA mortgages, Bank Statement Programs, Non-Warrantable Condos, Private Lending, Warrantable Condo Mortgages, and Condominium Mortgages.
Our Warrantable Condo Mortgage program is designed to help condo buyers secure financing for their primary residence, second home, or investment property. You can learn more about this program on our website at Warrantable Condo Mortgages.
If you're interested in purchasing a condo, but it doesn't meet the requirements for a warrantable condo, don't worry! We also offer Non-Warrantable Condo Mortgages. You can learn more about this program on our website at Non-Warrantable Condo Mortgages.
Whether you're looking for a conventional mortgage, a private lending option, or a bank statement program, we've got you covered. Check out our website at Loan Programs to learn more about our other programs.
We're committed to helping our clients find the best possible financing options for their condo purchase. Contact us today to get started on your condo financing journey!
Warrantable Condo Mortgage FAQ's
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Warrantable Condo Programs
Discover helpful tips and tricks on mortgages by reading our blog posts:
Jumbo Loans: Understanding the Factors That Affect Your Interest Rate to learn more about the factors that affect the rates for jumbo loans. Click here to read the full article
Find Out How You Can Own Your Dream Home With The Florida Hometown Heroes Housing Program to learn how this program can help hometown heroes achieve homeownership. Click here to read the full article
Spec Home Financing: A Comprehensive Guide for Real Estate Investors to learn more about spec home financing for investors and builders. Click here to read the full article
The Rise of Condo Living: Fannie Mae Condo Mortgages in Miami's Skyline to learn more about the condo financing process and Miami's condo market. Click here to read the full article
How to Qualify for an FHA Loan in Miami: The Complete Guide to learn more about how to qualify for an FHA loan. Click here to read the full article
Understanding Fannie Mae Condo Guidelines: A Comprehensive Guide To Learn More about Fannie Mae condo guidelines. Click here to read the full article
Fannie Mae HomePath Program: Your Key to Finding Your Dream Home to learn more about how this program can help you purchase a Fannie Mae Foreclosure property. Click here to read the full article
A Deep Dive into Fannie Mae's Condo Project Review Process: To learn more about Fannie Mae project reviews. Click here to read the full article
Home Possible® Mortgage Income Limits & Guidelines: To learn more about this First-Time Homebuyer program from Freddie Mac. Click here to read the full article
Can I Get a Bank Statement Cash Out Refinance Loan? To learn more about how this program can help you get the cash out that you need. Click here to read the full article
Fannie Mae Homepath Program: Everything You Need to Know to learn more about how this program can help you purchase a foreclosure property from Fannie Mae. Click here to read the full article
Warrantable Condo Mortgages FAQ
What is a Warrantable condo?
A warrantable condo is a type of condominium that meets specific guidelines set by Fannie Mae and Freddie Mac, which makes it eligible for conventional financing.
What are the eligibility criteria for a Warrantable Condo?
The eligibility criteria for a warrantable condo include:
The condo must be a legal and established project
At least 51% of the units must be owner-occupied or sold to owners who intend to occupy the units
No more than 15% of the units can be delinquent in HOA fees
No more than 10% of the units can be owned by a single entity
The HOA must maintain adequate insurance coverage
What is a Warrantable Condo Mortgage?
A warrantable condo mortgage is a type of mortgage loan that is used to purchase a warrantable condominium. This type of mortgage follows the guidelines set by Fannie Mae and Freddie Mac and is eligible for conventional financing.
What are the benefits of a Warrantable Condo Mortgage?
The benefits of a warrantable condo mortgage include:
Lower interest rates compared to non-warrantable condo mortgages
More lenient lending requirements
Access to conventional financing options
Can a Warrantable Condo be non-owner occupied?
Yes, a warrantable condo can be non-owner occupied, but no more than 49% of the units can be occupied by renters.
What Our Clients Say
Philip was highly recommended to me and he did not disappoint. He was incredibly helpful and honest throughout the entire process, getting us the best program that matched our needs. We really didn't think we had a chance and luckily Philip …