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Maryland Real Estate Q&A Discussion Forum
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Updated over 6 years ago on . Most recent reply

User Stats

15
Posts
5
Votes
Carolyn F.
  • Real Estate Agent
  • Laurel, MD
5
Votes |
15
Posts

Seeking Non-Warrantable Condo Lenders

Carolyn F.
  • Real Estate Agent
  • Laurel, MD
Posted

Searching for lenders who can do financing for non warrantable condos in Marlyand with 50 units or more. 

Note: Buyer was already approved but current lender can not do a non-warratble condo.

The purchase price is 260k For property in Severn, Md (Anne Arundel county) 

Thanks!

Most Popular Reply

User Stats

15
Posts
5
Votes
Carolyn F.
  • Real Estate Agent
  • Laurel, MD
5
Votes |
15
Posts
Carolyn F.
  • Real Estate Agent
  • Laurel, MD
Replied

@Russell Brazil thanks for the insight @Kevin Dougherty we are attempting to see if the HOA can fix the issues noted by providing more recent data. Many homes have sold in the community within the last 5 months with conventional financing and cash. One issue is that 60 day HOA dues delinquencies exceed 15% max. I agree with the coast piece. The exit strategy would to move on.

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