All Forum Posts by: Patrick Sheehan

From what I understand it is because of a lack of owner-occupied units and it being zoned as a STR building

I am purchasing a non-warrantable condo in Nashville, Tennessee.  Initially was planning on doing the standard 25% down-payment, however after finding out that it is a non-warrantable condo, the lender we were using is now only offering an option for a 35% down payment.

Has anybody else had experience with non-warrantable condos or have any lenders that will provide loans that require a lower down payment?

Thanks