It can be frustrating for borrowers to learn that the condo they’re looking at is classified as non-warrantable, but have no fear. There are options, whether the loan is for a primary residence, a vacation home or an investment property.
New Rez – SmartCondo *Currently unavailable
• Max LTV 90% for Purchase (80% for condotel)
• Max LTV 80% for Cash out (Not Permited for condotel)
• Max DTI is 45%
• Minumum FICO 660 (680 for condotel)