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Updated 6 months ago,

User Stats

85
Posts
28
Votes
Naveen Kumar
  • Ashburn, VA
28
Votes |
85
Posts

Owner occupied non QM or portfolio loan

Naveen Kumar
  • Ashburn, VA
Posted

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?

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