Seeking advice and lenders for financing Non-Warrantable Condo

[Patrick Sheehan]

I am purchasing a non-warrantable condo in Nashville, Tennessee.  Initially was planning on doing the standard 25% down-payment, however after finding out that it is a non-warrantable condo, the lender we were using is now only offering an option for a 35% down payment.

Has anybody else had experience with non-warrantable condos or have any lenders that will provide loans that require a lower down payment?

Thanks

[Melvin List]

@Patrick Sheehan You still might be able to fit this in with a conventional loan with 25% down.  The problem with the condo and the investor concentration is the condo questionnaire.  With 25% down you should be able to find a lender that will not require the condo questionnaire.