Non Approved
Condos

On Line Purchase, Refinance or 2nd Mortgage Pre-Qualification 


Non Warrantable Condos

(Non Fannie Mae or Freddie Mac Approved)

Some requirements...

Must be in Maryland.

For Properties In States Other Than Maryland,
please return to LowRateMortgages.com home page!

Minimum presale requirement (for each legal phase is 33%)

50% of all units, common areas and facilities within the project must be completed

Maximum investor concentration cannot exceed 70%

No secondary financing permitted

Cash out not allowed

No one entity may own more than 10% of the project

If You Have Projects Not Meeting These Guidelines, Call Us Or Email For Exception Consideration...  We Will Even Consider 2 Unit Projects!!! (Ocean City, Maryland comes to mind...) 

410-643-0222  888-643-3659

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