www.Florida-Mortgage-Lenders.com 
All Information is subject to change without notice.

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Questions

911loan@gmail.com

 
1399173
"Thomas went above and beyond to get our mortgage approved. We had a couple of "hiccups" with our VA financing and Thomas was able to get them resolved ... more "
5.0/5.0
by lbaze2008
1375949
"I was hesitant to utilize someone from the internet to obtain my home loan. I even let my real estate agent talk me into going with someone local ... more "
5.0/5.0
by rmac333
1345066
"Thomas martin was a great help with our mortgage . it was a stressful time in our life , but Thomas remained calm through out the whole process which ... more "
5.0/5.0
by zuser20140303145114251

CREDIT REQUIREMENTS Mobile top

FHA MORTGAGE

550 MIN FICO

PORTFOLIO MORTGAGE

NO MINIMUM

VA MORTGAGE

550 MIN FICO SCORE 

USDA LOANS

580 MIN FICO SCORE 

FANNIE MAE.

620 MIN FICO SCORE 

FREDDIE MAC

620 MIN FICO SCORE 

CALL NOW!

954-667-9110

Apply Now!

 - Aventura Florida Condo Mortgage Lenders - 

Florida Warrantable Non Warrantable Condo Lenders

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Fast Consultation

• 100 % VA Condo Mortgage Loans Down to a 550 fico!

• 96.5% LTV on FHA Approved Owner Occupied Condos=  3.5% Downpayment!

• 95% LTV on Owner Occupied Condos=  5% Downpayment!

• 90% LTV on Second Home Condos= 10% Downpayment!

• 80% LTV on Second Home Condos= 20% Downpayment

• 80% LTV on Investment Condos= 20% Downpayment.

• 75-80% LTV on Hallandale Florida Non Warrantable Condos + Condotels.

• No Condo Questionairre 10% Down Hallandale Florida Condo Lenders!

LINK-Hallandale Florida CONDO ASSOCIATION WORKSHEET LINK CHEAT SHEET

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Fast Consultation

MIAMI FL CONDO MORTGAGE LENDERS  - MIAMI SELF EMPLOYED MORTGAGE LENDERS - MIAMI FL STATED INCOME MORTGAGE LENDERS

Non-warrantable Hallandale FL Condo Approvals!!

  • Up to 80% LTV
  • At least 30% of complex owner occupied
  • Condo litigation considered
  • Structural issues must be resolved and litigation is to recoup funds
  • Commercial influence exceeding FNMA limits considered                 

In comes the Hallandale Florida VA mortgage  to the rescue for Condo Buyers and current Hallandale Florida Condo homeowners. To qualify for a Hallandale Florida VA Mortgage the Hallandale Florida condo must be on the VA Approved Condo list, which includes many existing complexes.   You can search for VA Approved Condos yourself, or let us assist you,we are here to help. 

15, 20 and 30 year fixed rate terms available!

Hallandale Florida Condominium Lenders - Hallandale Florida Condo Loans

www.Hallandale Florida-Mortgage-Lenders.com

What is a Non-Warrantable Condo? A Non Warrantable condo means the condo complex in question does not meet the minimum risk exposure standards of of FHA, VA, or Fannie Mae.

Components of A Warrantable Condo include:

   • Most of the Condo units are owner-occupied or second homes.
    • No More than 15% or less of the condo units are more than 30 days delinquent on HOA dues.
    • No more than 10% of a Condo project can be owned by a single person or entity.
    • No more than 20% of the Condo project can consist of non-residential space.
    • On established and existing Hallandale Florida Condo projects, at least 90% of the condo must be sold.
    • For new and currently converted construction, 70% of the units must be pre-sold
    • Hallandale Florida HOA's must have at least 10% of its budgeted income designated for reserves
    • Adequate insurance coverage for liability, fidelity, and a master policy for building
    • HOA budget review

How do you know if your Hallandale Florida condo purchase is warrantable?

Step 1 try these 3 warrantable condo links!

Step 2- Get a Hallandale Florida Condo Questionnaire Filled out. Or Ask the association if the condo complex in question is warrantable.

Hallandale Florida CONDO MORTGAGE LENDERS

Hallandale Florida condo mortgage applicants will find that a mortgage on a Condo is more complex than purchasing a single family or town-home or villa. There are additional requirements for Hallandale Florida condo associations that do not exist in other typical Hallandale Florida mortgage transactions. The Condo must be approved by the Hallandale Florida mortgage lender via condo association questionnaire before you can get financing on a Hallandale Florida condo.

MANY Hallandale Florida MORTAGE LENDERS WILL NOT MORTGAGE Hallandale Florida CONDOMINUMS

Having trouble getting a Hallandale Florida condo mortgage because the condo you are interested in is being denied by your Hallandale Florida mortgage lender? Hallandale Florida mortgage lenders.com offers condominium mortgage loans on many Hallandale Florida condos projects that are not Fannie Mae approved and which other Hallandale Florida mortgage lenders consider not financeable. Conditions include the Hallandale Florida mortgage applicant must: 

1. The Hallandale Florida condo purchase must be a primary residence = 25% down payment for a purchase or 25% equity for a refinance.

2. 2nd Hallandale Florida condo home loan transactions require a minimum 30% down payment for purchase and 30% equity in the Hallandale Florida condo for a refinance.

Our expanded Hallandale Florida mortgage approvals for condos require no condo questionnaire, no review of the association budget and no approval of the project reserves. It may seem counter-intuitive, but no matter how strong you may be as a Hallandale Florida mortgage applicant, or what the down-payment/Loan-to-Value is; most Hallandale Florida mortgage lenders will not mortgage Hallandale Florida condos if they fail even basic criteria of a condo questionnaire. Details of most denials include: pending litigation in the project, low % of owner-occupancy, high % of current condo owners late on their HOA fees are just a few reasons that will kill your Hallandale Florida condo mortgage. It is very risky to attempt to secure financing with Hallandale Florida mortgage lenders that require Condominium questionnaire approval. A result of the Hallandale Florida housing market crash is that most Hallandale Florida condo projects have some of the aforementioned issues. The safe and easy path to a smooth Hallandale Florida mortgage process is to work through one of the very limited number of Hallandale Florida mortgage lenders that do not require Hallandale Florida condo questionnaire approval.

Hallandale Florida Mortgage Lenders.com is one of only a very small number of limited Lenders with Access to the Hallandale Florida mortgage lenders that do not require a Hallandale Florida condo questionnaire that offer these programs. 

QUESTIONS TO ASK THE Hallandale Florida CONDO ASSOCIATION:

1. Is the Hallandale Florida condo project Fannie Mae or FHA Approved? If the answer is yes, then you may proceed as long as the Hallandale Florida Condo is not on the Hallandale Florida mortgage lender’sunbendable list (Yes, this is still possible even if a Hallandale Florida condo project is Fannie Mae approved). It is important to note that some phases within a Hallandale Florida condo project may be approved while others may not. This is a common mistake that can blow up many deals.

2. Am I eligible for a Hallandale Florida condo Project Review Waiver? (Also called a Limited Review) Primary Hallandale Florida condo purchases with a 25% down payment/equity. Second Hallandale Florida condo home transactions with a 30% down payment/equity. Investment Properties are not eligible. Beware of lenders offering “Limited Review” of a condo but requiring a Condo Questionnaire. If a condo questionnaire is required, then it is not a limited review and you risk your loan being denied for factors not related to your individual credit worthiness. Check that your Condo is not on the lender’s list of denied projects. The Government Homeowner Assistance Program = HARP will allow you to refinance up to 125% of your home’s value if your Loan is owned by Fannie Mae or Freddie Mac. There is no project approval for these programs.

3. Can I get an Hallandale Florida FHA mortgage in a Hallandale Florida Condo that is not FHA Approved? No. Currently FHA and lenders are not allowing spot reviews of condos for FHA Loans. You should check which Condos in the area you are interested in buying are already FHA approved if you are interested in a low down payment FHA loan.

4. What is the minimum down-payment for a Condo Loan? For purchases, typically the minimum down payment is 20%. We encourage that you put more money down so that we can waive the project approval requirements. 25%- Owner Occupied. 30%- Second Home. If the project is FHA approved, you can purchase a primary residence with a 3.5% down-payment. For Refis, if the loan is eligible for HARP- Government Homeowner Assistance Programs- Then it is possible to get a condo home loan for up to 125% of the home’s value.

Hallandale Florida CONDOMINUM MORTGAGE REQUIRMENTS

Hallandale Florida Mortgage lenders have requirements for condo financing.

Mortgaging a Hallandale Florida condominium comes with a few more requirements than a standard Hallandale Florida mortgage. Condominiums are mostly part of a condo association and the reputation of that association can affect a Hallandale Florida mortgage applicants chances of obtaining condo financing. Due to the number of association delinquencies many Hallandale Florida mortgage lenders have raised their requirements for financing when purchasing Hallandale Florida condominiums. Large down payments usually between 20-30%, association questionnaire approvals and inspections approved directly by the Hallandale Florida mortgage lender are some of the requirements that Hallandale Florida condo buyers must meet before they obtain a loan for a Hallandale Florida condominium. 

Hallandale Florida CONDO ASSOCIATION FEES

Living in a Hallandale Florida condominium complex usually requires the unit owners to pay association fees. Most Hallandale Florida mortgage companies can now refuse financing if 15 percent or more of the residents are 30 days or more behind on their association dues. Delinquency rates in dues worries Hallandale Florida mortgage lenders because it casts doubt on the association's cash reserves and financial status.

New Hallandale Florida condominium units and complexes have a minimum criterion of sold units to meet. Most Hallandale Florida Mortgage Lenders now want to see at least 49 percent of the units sold or under contract before they will agree to financing.

Hallandale Florida CONDO INSPECTIONS

o Condominium inspections usally take place before the Hallandale Florida mortgage applicant apply for condo financing.. However, all Fannie Mae-backed Hallandale Florida mortgages for condos will have to undergo an inspection by a Fannie Mae representative. This includes the complex as well as an investigation into the association's financial situation. Previously, Hallandale Florida condominium inspections were carried out but by the individual Hallandale Florida mortgage lender.

Hallandale Florida CONDOS LOANS REQUIRE LARGER DOWNPAYMENT

Mortgage insurance (MI) companies are currently not providing private mortgage insurance in Hallandale Florida due to the large number of defaults. As a result Hallandale Florida condo mortgage applicants are required to put down a minimum 20 percent down payment.

Hallandale Florida-Mortgage-Lenders.com offers FHA, VA, Conventional, USDA, Condo, Non Warrantable Condo, Investment & Condotel (Condo Hotel) Financing for every city and county in Hallandale Florida including.  

Serving every city and a county in Hallandale Florida

HALLANDALE BEACH FL Mortgage Lenders Providing:  New Home Loans, Mortgage Refinance, FHA, VA & Bad Credit Mortgage Lenders 

Whether you’re a first-time Hallandale Beach Hallandale Florida homebuyer or looking to refinance your existing mortgage in Hallandale Beach, our competitive rates and flexible financing options can help you make the right mortgage decision.

Our goal is to provide our customers with exceptional service and best Mortgage Rates in Hallandale Beach Hallandale Florida while keeping them informed and educated throughout the process. 

 

HALLANDALE BEACH Hallandale Florida LOAN PROGRAMS

HALLANDALE BEACH Hallandale Florida FHA MORTGAGE LENDERS:

  • 1st Time Hallandale Florida Home Buyers
  • Low down payments
  • Lower Interest Rates
  • Seller paid FHA mortgage closing cost up to 6%
  • Easier credit qualifying min 550 Fico!

HALLANDALE BEACH Hallandale Florida VA MORTGAGE LENDERS:

  • $0 Down 100% financing Options
  • Seller paid closing cost up to 4%
  • Low Rates
  • Up to $417,000 Loan Value
  • No Down Payment Options
  • Easier credit qualifying min 550 Fico!

HALLANDALE BEACH Hallandale Florida BAD CREDIT MORTGAGE LENDERS:

  • Bad Credit Hallandale Florida Mortgage Options:
  • No Origination Fee Options
  • 30 Year Fixed
  • 20 and 15 Year Fixed
  • ARM Options

HALLANDALE BEACH Hallandale Florida REFINANCE MORTGAGE LENDERS

  • Is it time to refinance?
  • Refinance up to 97.75%
  • Lower your home loan payment
  • Less than perfect credit
  • Cash for any reason

 

SAME DAY HALLANDALE BEACH Hallandale Florida MORTGAGE APPROVALS!

SERVING ALL HALLANDALE BEACH Hallandale Florida

www.Hallandale Florida-Mortgage-Lenders.com

 

HALLANDALE BEACH Hallandale Florida MORTGAGE LENDERS CITY DATA

Population in 2013: 38,632 (100% urban, 0% rural).

Males: 18,257     (47.3%)

Females: 20,375                (52.7%)

Median resident age:     47.0 years

Hallandale Florida median age:        41.5 years

Zip codes: 33009, 33019.

Hallandale Beach Zip Code Map

Estimated median household income in 2013: $50,446

Hallandale Beach:           $50,446

FL:          $46,036

Estimated per capita income in 2013: $27,804

Hallandale Beach city income, earnings, and wages data

Estimated median house or condo value in 2013: $181,000

Hallandale Beach:           $181,000

FL:          $153,300

Mean prices in 2013: All housing units: $234,961; Detached houses: $296,468; Townhouses or other attached units: $158,684; In 2-unit structures: $154,409; In 3-to-4-unit structures: $133,064; In 5-or-more-unit structures: $142,856; Mobile homes: $52,810; Occupied boats, RVs, vans, etc.: $17,434

Median gross rent in 2013: $1,054.

Recent home sales, real estate maps, and home value estimator for zip code 33009

Searches related to WWW.Hallandale Florida-MORTGAGE-LENDERS.COM

Apply Now

Questions

911loan@gmail.com

 
1399173
"Thomas went above and beyond to get our mortgage approved. We had a couple of "hiccups" with our VA financing and Thomas was able to get them resolved ... more "
5.0/5.0
by lbaze2008
1375949
"I was hesitant to utilize someone from the internet to obtain my home loan. I even let my real estate agent talk me into going with someone local ... more "
by rmac333
1345066
"Thomas martin was a great help with our mortgage . it was a stressful time in our life , but Thomas remained calm through out the whole process which ... more "
5.0/5.0
by zuser20140303145114251

MINIMUM CREDIT SCORE

FHA MORTGAGE

580 MIN FICO

NO TAX RETURN PROGRAMS

600 MIN FICO

PORTFOLIO MORTGAGE

600 MIN FICO SCORE 

VA MORTGAGE

580 MIN FICO SCORE 

USDA LOANS

600 MIN FICO SCORE 

FANNIE MAE.

620 MIN FICO SCORE 

FREDDIE MAC

620 MIN FICO SCORE 

CALL NOW!

954-667-9110

Apply Now!

All Information Subject To Change Without Notice and should not be relied on for decision making.