FINANCING WITHOUT CONDO QUESTIONAIRE

[Sergio Deleon]

I currently have 3 rental properties and actively looking to add more. The main issue I have in Miami obtaining financing is passing the owner vs renter ratio in the condo questionnaire, this ratio is always off causing me to lose financing and purchase my properties cash. If someone could provide a solution where I could still obtain financing terms on a 30 yr fixed with 20-30% down this would be a tremendous relief. I have looked into portfolio loans however they normally require a hire amount financed than I am looking for at the moment, my credit is top tier and income is more than enough to back any loan I am looking for. Please advise....

[Upen Patel]

@Sergio Deleon No way you will get condo financing without the condo questionnaire. This applies to both OO and Investment properties... warrantable and non-warrantable.

As @Russell Brazil stated, the terms you will get are not going to be stellar.