Hard money, commercial and non conforming vacant pretty much only thing getting scheduled. 

I assume you are going for a conforming residential loan, so in the grand scheme of things they are still originating a loan to the same standards to be sold off to the same market. 

So, its a trade-off.2)  I think everybody would love to just find cash...3)  For a conforming residential loan with non-owner occupation, the "investment" conventional loan is your only option.  20% down is the normal min, but 25% down gives you the best break in interest rate.Good luck.

Is the property truly "non-conforming"?

Also, if the LLC takes Title hopefully on the purchase, you can't get a conforming residential loan because legal entities are not eligible for those loan products. 

I've been looking for apartments for short term rental in Condado and Miramar but the market seems to be tapped and the apartments that I find don't qualify for a conforming loan.I'm interested in:- Short-term rentals in San Juan or the west coast- Rental properties- Fliping   Any help will be greatly appreciated Thanks,Jaime

I saw the CLL went up for 2021 today to $548,250, curious if anyone familiar with the lending process knows when in the lending process that limit for a loan comes into play, i.e. If I apply for a loan next week (Dec ...

Hello All,Each year the Federal Housing Finance Agency reassesses the conventional loan size and high balance/super conforming loan size limits.

(I think thats fair but not the main point of this post)Now the reason I assume it has not been sold is that it would be classified as a non-conforming property preventing a conventional mortgage.My second issue, capital.

Every year around Thanksgiving, the Real Estate Gods announce the new conforming loan limits for the year to follow.