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Updated about 1 year ago on . Most recent reply

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Rob C.
  • Investor
  • Medford, MA
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Massachusetts lender for non-conforming condo loan(upcoming special assessment)?

Rob C.
  • Investor
  • Medford, MA
Posted

Hello, 

I was planning on selling a condo to my tenant, their lender just turned it down due to an upcoming special assessment. Condo association is still working through the bidding project, so there isn't an assessment amount yet. Anyone know of a non-Fannie/Freddy lender who would be open to this? As of now they're only putting 5% down, not sure if they have more if needed. 

Thanks

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Lien Vuong
  • Real Estate Agent
  • Boston, MA
1,655
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

You can try a local bank - East Cambridge does portfolio lending and can offer those 5% programs. 

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