Updated about 6 years ago on . Most recent reply
Financing a Non-reserve HOA
So I found a couple of properties that I am really interested in, however the HOA they belong to do not have the adequate cash reserves I need to take out a loan. How would I go about finding a loan for this? Is a private lender my only choice?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
Yes, you need a lender that will do a Non Qualified loan....expect to put down 30% or so and couple of points higher in interest.