Tag Archive for: non-warrantable condo

Can’t Waive Contingencies For Condos – Or Give Fast Answers

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In December, I wrote these two blogs: Can’t Waive Contingencies For Condos and Have A Condo Listing? What Listing Agents Can Do To Ensure Faster Closes & More Marketability  I […]Read More

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

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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.Read More

This Is Huge: FHA Spot Approvals Work For Non-Warrantable Condos

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Not all non-warrantable condos are eligible for alternative financing, but if there is a way to finance them – JVM will find it. In any case, we have discovered that FHA is (shockingly) often much more flexible than Fannie and Freddie when it comes to approving condominiums for financing.Read More