Non FHA condo financing
2 Replies
Andrey Yasenkov
from Braintree, Massachusetts
posted over 3 years ago
Hi All, nice to meet you all!
I am new to the forum, but have searched it and could not find an answer to my question.
Trying to buy a few condos for a cash flow where I would pay cash for them and refinance to get 80% off the table.
A few condos that I have seen a non FHA approved. Do they charge prohibitively high rates?
Thanks,
Andrey
Harjeet Bhatti
Lender from Chicago IL- CDLP
replied over 3 years ago
You can ask HOA if the condos are warrantable or non-warantale. If its warrantable you won't face any problem getting approved under conventional loan.
Andrey Yasenkov
from Braintree, Massachusetts
replied over 3 years ago
Thanks, Harjeet