If you are a real estate agent that specializes in condomiums you have probably experienced immense changes in your business over the past few years.
Now you probably concentrate on short sales, foreclosures, REOS, cash buyers and Fannie/Freddie approved buildings, because gone are the days of buildings being sold out before a shovel hit the ground, 100% occupancy, and loan programs available from every lender; or have you completely changed your business plan?

The reason I ask, is because we all understand the economy has effectively turned the condominium market to a driver in a school zone rather than one on at the german Autobahnen; and, let's not even discuss what happened to the CONDOTELS market. But did you know there are STILL loan programs offered by lenders for financing CONDOS and CONDOTELS?

Slowly, additional financing is coming back to the condo market, but many consumers and real estate agents do not realize it is available. Yes the guidelines are more strict compare to 5 years ago, however the opportunity to finance NON Freddie/Fannie approved gives more opportunties to buyers, investors and YOU the real estate agent.
If you would like to learn more about the financing guidelines for NON WARRANTABLE condos (aka condos are not eligible to be sold to Fannie Mae or Freddie Mac because they DO NOT fit guidelines) and CONDOTELS please feel free to private message me or call our offices at 702 562 7915 and speak to one of our experienced loan officers.
We lend NATIONWIDE! Let's stop leaving money on the table and get back into the driver's seat selling condos and condotels!