Hotel/Motel, Condo, Apartments all have had substantial rates because a lot of companies have either stopped writing the business or non-renewed it and the companies that will still write it have to take premium because of the risk they're taking on.I know that doesn't help you at all but my advice would be if you have an independent agent who you trust and like and believe they're doing the best they can for you stick with them and let them work all the markets for you.

Buying with a NON-QM program is the best way to go about it nowadays, as 1: it won’t report to credit reports, 2: quicker closings 3: it won’t ding your DTI .

My name is April Gross, and I am a new Real Estate Agent in Brevard County Florida.

@Kory Reynolds and Account Closed,That all makes sense.

I invest heavily in this area as an agent.

Meet and talk with real estate agents.

This is because a lender or broker are the "Middlemen" of the industry where they take the application, approve you close you but then sell your loan to us at the Big banks.

Not even close.

If that property drops 5 you now have another $15k to come up with on top of the closing costs on that property.

Closing costs on seller carried transaction are marginal, payments are collected and preferably administered by a third party and qualifying or documentation required is discretionary to the seller.