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Updated 6 months ago,
Owner occupied non QM or portfolio loan
What type of loans exist for those looking to owner-occupy a non-warrantable condo? I have a condo that the buyer is ready to put down 30% on, but the conventional lender declined due to the warrantability issues with the condo.
I've heard about owner-occupied portfolio loans on a few different podcasts but rarely see it being talked about.
Does anyone have any first hand experience or insight they could share about the possible options?
Any non QM/portfolio lenders here on BP familiar with the owner-occupied programs that are out there?