With Innovative Mortgage almost all condos can be financed.
- 2,314 Florida condo association are eligible for 100(%) LTV.
- 135 Florida condo associations are eligible for 96.5(%) LTV
- Approximately 900,000 condo units are eligible for 95(%) LTV
- Non warrantable condos are eligible for 90(%) LTV
- Most condo hotels are eligible for 75(%) LTV
FHA and Condos
Less than 150 condos, in all of Florida are eligible for 3.5% down. Fortunately, a large number of condos can be financed with 5% down using a conventional loan.
Non warrantable condos
We have specialized lenders that can bypass a condo questionnaire. This avoids certain fatal issues such as less than 10% reserves. This allows us to finance up to 90% CLTV in specific instances.
We do have this very specialized loan available to highly qualified buyers.