Non-Warrantable Condominiums
First United Mortgage Group offers financing for jumbo and conforming loan balances on condominiums that are not Fannie Mae® eligible based. Condominium projects must meet FNMA guidelines unless listed below. Additional restrictions may apply.
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Investment concentration in the project up to 60%
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Single owner may own up to 25% of the units
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Commercial space may occupy up to 40% of the project
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Condotels (restrictions apply)
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HOAs without a 10% reserve contingency
First United offers competitive pricing and terms on the Non-Warrantable Condominiums. Contact your local Mortgage Loan Consultant to find out more information on this exciting product!