Keypoint Mortgage offers very exclusive product options for Condominium properties. Some of the Condo project types we are able to provide financing for include Fannie Mae Warrantable Condos, FHA Approved Condos, New Projects and Non-Warrantable Condos.
To simplify the reason why let’s put it this way: jumbo borrowers are generally very safe, and loans to them are a profitable bet for large banking institutions. These large banks want as many Jumbo borrowers and loans as possible. The result is a very competitive market for jumbo loans at the current time.
Before you dive in feet first, get a basic understanding of how condominium ownership differs from owning a single-family home or a townhome.
This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Loans are subject to credit and property approval. Other limitations may apply and not all products are available in every state. Availability of programs is subject to change without notice. Please contact me for more information.
