Even Better Non-Warrantable Condo Financing; 40% Of Our Business = Non-Traditional Loans

We have a HELOC provider that does not care a whit about condo/HOA issues – including litigation, owner occupancy ratios, commercial use, ownership concentration, structural problems, or budget/balance sheet issues.

They will finance non-warrantable condos for purchases with as little as 10% down!

All they require is an appraisal, adequate credit, adequate condo insurance, and sufficient income.

Non-warrantable condos once again are condos that Fannie and Freddie won’t finance because of HOA issues.

Over 40% of Our Business Is Now Non-traditional Financing (Saving Many Deals!)

A few years ago, I was very worried about the commoditization of the mortgage industry, as about 90% of our business was 30-year fixed-rate mortgages with full income documentation.

Everyone was offering the same product, and many borrowers (online shoppers in particular) did not seem to care about our online reviews, faster closes, assistance getting offers accepted, better service, etc. – they just wanted a lower rate.

Fortunately, that has changed markedly, as unique products now reign supreme.

They’ve not only vastly improved our business, but they’re saving deals left and right for the agents we work with.

Even better, agents now understand this – and our expertise in the unique product realm is a major selling point for us when we meet with agents.

These unique product offerings include:

1. Non-Warrantable Condo Financing
2. Bridge Loan/Buy-Before-You-Sell Financing
3. Down Payment Assistance Loans
4. First-Time Homebuyer Products
5. Low-Income Products
6. 1% Down Products
7. Community Reinvestment Act Products
8. No Income Verification (of any type) Loans
9. No PMI Products
10. Bankruptcy Bailout Products
11. Bank Statement (For Income) Loans
12. Debt Service Coverage Ratio (Rental Income Only) Loans
13. Private Money Loans
14. Renovation Loans
15. 1st/2nd Combination Loans
16. Home Equity Loans
17. ITIN Loans
18. Umbrella Loans (for multiple properties)
19. Fix and Flip Loans
20. Adjustable Rate Mortgages (ARMs are back)

NOTE: We have co-branded flyers available for most of the loan products mentioned above. If you need any, please don’t hesitate to reach out and request them!