Special Programs for Condominiums

Special Programs for Condominiums

Condos offer unique problems for buyers. Many complexes are not "warrantable", meaning that they are not eligible for a traditional conventional mortgage that is offered by most banks and brokers. They cannot offer a mortgage because the condo complex is not "approved or warrantable" by Freddie Mac, Fannie Mae, or HUD's FHA programs. This means either no mortgage or long waits to try to get the complex and thus your individual unit approved.

Fusion Lending cuts through the complexity and can offer condo purchase and refinancing money in "non warrantable complexes".

Some examples of available programs include:

  • 100% purchase programs
  • Stated income with a 601 credit score
  • 10% down payment with no private mortgage insurance (PMI) with a 2.85% payment rate
  • 560 credit score 80% loan to value.
  • 500 credit score 60% loan to value
  • Don't forget about our powerful credit software that can direct you in improving your credit.

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Corporate Office
6768 Highland Road
Waterford, MI 48327

Offices in Michigan, Florida, Ohio, Texas, and Alaska
Toll Free: 888-696-0505
Michigan: 248-666-0505
Florida: 561-208-6640
Ohio: 440-397-2536
Texas: 214-774-2860
Fax: 248-666-0509
Fax: 248-666-0509
Email: fusion@fusionlending.com

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Commercial and Residential Lending Across the United States

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