Many condominium properties do not meet the stringent guidelines for approval from agencies like Fannie Mae, Freddie Mac or the FHA. These condominium properties are often non-compliant because they don’t reserve enough cash, they have litigation pending against them or they have high investor ownership percentages. Family First has the portfolio lending product for them!
The Portfolio Condo Approval at Family First Funding is a global property approval. Family First will take the condominium property through a process of compliance and approval that will ensure that even though agency approval is impossible, homeowners and purchasers can still get mortgage financing.
Find out if your condo property can obtain a portfolio approval from Family First Funding: