First United Mortgage Group offers financing for jumbo and conforming loan balances on condominiums that are not Fannie Mae® eligible based. Condominium project must meet FNMA guidelines unless listed below. Additional restrictions may apply.
Investment concentration in the project up to 60%
Single owner may own up to 25% of the units
Commercial space may occupy up to 40% of the project
Condotels (restrictions apply)
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!