Owner occupied non QM or portfolio loan

[Naveen Kumar]

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?

[Caroline Gerardo]

I'm in MD, office in DC. DM the complex.

You need:

Condo certificate filled out, master insurance policy declarations page, budget, by laws, contact email for HOA manager who answers, borrower with 43% back end ratio, borrower middle FICO 670+, borrower with 2 years same income stream, the money in the bank past 60 days

then it's easy to choose the best lender. I will give you some names