Non-Warrantable Condos
Non-Warrantable Condos
- Owner Occupancy Requirement for an Investment Property
- First Closing in a Non-Owner Occupied Unit & Low Presales
- Single Entity Ownership of up to 25% of the Units
- Less than 10% Budgeted Reserves
- Project can have up to 40% Commercial Space
- Short Term Rentals OK
- 660 FICO
- Reserves 3-6 months on subject property only
- Gift funds allowed
- Long-term and short-term rentals allowed