How To Get A Mortgage On New Construction Condos In Miami

Luxury oceanfront condo in Miami, ideal for new construction condo mortgages.

Securing Miami New Construction Condo Mortgages can be a complex endeavor. Miami’s booming market makes it a prime location for new condominiums, yet traditional lenders often hesitate to finance these properties, labeling them as non-warrantable. This categorization by Fannie Mae and Freddie Mac stems from mortgage regulations by the U.S. Department of Housing and Urban […]

How To Get A Mortgage For A Short-Term Rental Property

loan for Airbnb

AirBnB and other short-term rental (STR) investing has exploded in popularity over the past decade. And as travel recovers from the pandemic, analysts expect growth to resume: Between 2019 and 2024, the short-term vacation rental industry is expected to grow by more than $63 billion, at a compound annual growth rate of 7%. Short-term rental […]

Can You Get A Loan For A Condo Involved In Section 558 Construction Defect Litigation?

nonwarrantable condos

Getting a loan to refinance or purchase a Florida condominium can be tricky. Especially if the condo or development is involved in a construction defect dispute, has Section 558 actions pending, has too many renters compared to owner-occupants, accepts short-term renters, or has other issues that deter conventional lenders. But getting a mortgage for these […]

Litigation and budget hurdles: does your condo satisfy Fannie Mae guidelines?

You have your heart set on purchasing a condo unit in sunny Florida. You also want a conventional mortgage for that unit. However, if the condominium project does not satisfy Fannie Mae guidelines, you will not qualify for a conventional loan. Two common reasons why a condo project fails to satisfy Fannie Mae guidelines are (1) […]

How to finance a non-warrantable condo in Florida

How to finance a non-warrantable condo in Florida

Are you looking to buy a new construction unit in a non-warrantable condo but are unable to get financing? Buying a new construction condo is a great investment. As in most cases, you’ll be buying at ground floor pricing.  All your amenities are brand new and usually buildings allow you to put your own finishing […]