On behalf of our client, a first-time homebuyer, we obtained a 30-year fixed-rate, conventional loan for her to purchase a condominium unit in Broward County, Florida.
Prior to coming to us, our client tried getting a loan at a national bank, but they were taking too long. There were several issues with the condominium association, including issues with the master flood insurance, and conflicting condo documentation as to whether title should be held as fee simple or as a leasehold.
We were able to get her approved by a non-bank lender in a faster time than the bank would have taken. We also qualified her for a low 30-year fixed interest rate of 3.25% and a high loan-to-value (LTV) of 80%.
