Florida Condo Loan Mortgage

We work with a great network of condo mortgage providers.

Getting mortgages for condos can get tricky and require a little more documentation during the approval process. For example, not only you as a Borrower need to get approved for a loan, but the whole condominium must meet certain standards required by the Lenders. So extra documents need to be filled out by HOA and extra payment from the Borrower is required for them to do so.

Also, usually a higher down payment (at least 20-25%) is required by the Lenders in order to get the best rates possible for you.

For a lot of people owning a condo is much more convenient than owning a house, so they are paying a little extra for convenience here.

We have a network of providers who process condo property loans every day and these experts will help guide you through this process.

Down Payment

In order for the Borrower to get the best rate, some Lenders require at least 25% down payment on a condo. Some require less, it varies based on financial standing, assets, debts, and overall portfolio.

Use Your Assets

Use your liquid assets and excellent financial standing to help in meeting full doc debt-to-income (DTI) ratio requirements on approvals.

Condo has to be approved

With a condominium you share interest in your property with the other residents (unlike when you own a house). HOA is responsible for the entire condominium to continue to function as a viable entity. So any Lender will want to make sure that both you and the development itself are on firm financial standing before it will approve a mortgage.

Credit Score to qualify

Credit score needed to qualify for a condo loan heavily depends on the Loan Amount you’d like to qualify for and other factors. Regular conventional loan will start at 620 – 660 credit score and go up from there depending on a Lender and your needs.

Approvals for all kinds of situations

We can match you with the best Condo Mortgage expert that works for your needs and situation best, whatever it is you’re looking for: Primary Home, Second (Vacation Home) or Investment property condo.

Main Points of Condo Property Mortgages

    • A condo loan is a type of financing that is applicable to the property in the condominium with an HOA.
    • Future condo owners must undergo a few more steps in the process than those applying for a single family home loan.
    • You might need a larger down payment
    • Not only you as a Borrower but the condo’s HOA needs to also be approved by the Lender.

Our goal is to get you the best deal, the best rates and your loan approved!

Get Approved Lenders

How It Works

Simple Hassle Free Process

It starts with a no hassle and no commitments phone, text or email conversation. Everyone’s situation is different and our experts will analyze your needs and wants and help get you the BEST property loan possible.

Safe & Easy

We work with 5 star Google-rated companies and mortgage professionals and have helped people find the best loan solutions and providers.  Our goal is to be the best resources of information for your needs. Start by inquiring.

1. Submit Request

Inquire with Basic Info

2. Information Review

Your inquiry is manually reviewed.

3. Match You Correctly

Get matched with the best provider based on inquiry.

4. Provider Contacts You

Professional reviews & contacts you for final steps.

Benefits of Our Process

We picked the most experienced loan officers that have the knowledge & expertise you need to explore the many financing options available to make the right choice for your property mortgage loan needs. Finding the best banks and brokers can create confusion and working with the best helps you in this major decision.

  • Best Broker Match up for Your Needs

  • Human Expert Loan Review

  • Over 200+ Bank Network to Work With

  • 5 Star Rated Brokers & Funding

  • Various programs for all buyers and investors.

  • Foreign National Buyers for US Mortgages.

  • They’ll Sit and Discuss the Best Loan Deals.

  • No Pressure or Obligation to Use

Other Funding Sources

  • Limited Banks to Shop Around.

  • Will Choose Loans Based on Their Needs.

  • Interested More in Selling Your Data

  • Script based boiler room operations for quick buck.

  • Only Work With a Few Providers

  • They Want Easy Situations and Don’t Fight for You.

Have a Unique Situation?

We’ve helped thousands of borrowers find the right funding brokers no matter the issues.

Get a funding consultation

The Process

No hassle, No Commitments, No Spamming from us. We’ll walk you through the process.