Hello, I was in the process of refinancing my condo (cash out refi) and today I got the news that the bank will decline it as it's at less than 50% owner occupancy as well as 3/8 of the units are owned by one invest...
I have 2 condos as long term investments in the Orlando area, each worth about $75k. Does anyone have any advice on how to do a cash out refinance on non warrantable condos at such a small value? We are looking to con...
looking for a loan on a non-warrantable property I own(2nd home). Adjusts on March 1st. I know Zions does them; anyone else?
Are warrants considered a hard pass?I’m not use to dealing with “C class” like and There were other factors that made previous tenants a pass, standing alone does it always make a hard pass or which warrants out in th...
I recently learned that the condo I'm looking to buy in Hampton, VA is non-warrantable due to the number of non-owner occupants and financing the condo may require 30% down. Does anyone know a lender that will lend on...
Hi all,Looking for advice on any lender in Vegas that are willing to do a HELOC on a non-warrantable condo, with the reason being that an entity own more than the guidelines of 10% of the complex. thanks;
My offer was approved for a rental condo and inspection was performed as well. Now I find out that the condo complex has greater than 51% units that are already on rent. As a result three banks cannot offer a mortgage...
BP Community,
My wife and I are in the process of buying an investment property on the beach in the OBX, NC. We have gone through the entire loan process to find out yesterday that there is some language in the cond...
Hello, I'm looking Into expanding my STR portfolio with a condo down in Hollywood Florida, but just found out from my lender these are usually non-warrantable due to more investors owning them than owner occupancy. A...
I'm considering purchasing a condo that is non-warrantable (not eligible for conventional financing) because one owner owns too many units and there is a pending lawsuit against the HOA. My idea is to purchase it in c...