CONDO REVIEW

Please see below the steps in order to secure financing for a condo in the state of Florida and out of state.

STEP 1 - Condo Research/CPM

(Borrower/Buyer's Agent/Listing Agent representing a seller)
 
📌 Is it on the Condo Project Management Portal
(👉🏻Speak with us or your lender partner👈🏻)
📌 Is it approved? 
📌 Is it expired? 
📌 Was it rejected? 
 
Please take time and analyze the association by checking the links below 👇
 
 
 
CONDO APPROVAL LIVE SHEET
 
EXTENSIVE CONDO APPROVAL LIVE SHEET  
   
VA APPROVED CONDO LIST
 
 
 
 
 
Just because it was expired or rejected, it doesn't mean it can't be closed the following year. 
 
👇*IMPORTANT DISCLAIMER*👇
All Condos are independently reviewed by a separate third-party panel in regards to budget, reserves, bylaws, insurance, and condominium detail review.
As a reminder, this “next level” review to look for the following:
 
◼ Lease restrictions📜
Deed restrictions📑
◼ Rights of the first refusal📝
◼ Flood insurance coverage deficiency🌧
◼ Age restrictions (such as 55+ communities)👩🏼‍🤝‍🧑🏻
◼ Credit Score restrictions📈
◼ Animal restrictions 🐕
◼ Other restrictions may also apply*

STEP 2 - Homework

(Buyer's Agent/Borrower/ Listing Agent)
 
#1 - Download our Condo Package below. It consists of the following: 
  • Condo Cheat Sheet
  • FORMULA: How to calculate the budget 
  • Condo Questionnaire: Full Review, Limited Review, FHA SUA.
 
#2 - Send this to the buyer's agent and/or association,
#3 - and have them fill it out! 
 
 
 
👇🏻👇🏻**Download Condo Package, which includes Fannie Mae/Freddie Mac 2021 Updates on Deferred Maintenance**. 👇🏻👇🏻 
 
ebook cover - condo sheet (Email Header)

GET IT NOW!

 

GET IT NOW!

 

STEP 3 - Upload HOA Review

(Buyer's Agent/Borrower/ Listing Agent)
 
Once you have the association questionnaire in hand, head over to our intake form and fill it out (Full review - less than 25%; limited review - more than 25%; FHA SUA).CLICK HERE TO UPLOAD YOUR CONDO FULL REVIEW
 
CLICK HERE TO UPLOAD YOUR CONDO LIMITED REVIEW
 
CLICK HERE TO UPLOAD YOUR CONDO FHA SUA REVIEW
Boom! We're on our way to check whether it's a viable deal!
 
Condo NOT on the approved list?
 
You are in luck because we do them, but require the information above collected by the Real Estate agent in order to proceed.
 

FINAL STEP 4

As soon as you complete the intake form, HOA questionnaire and upload all documentation, then it goes to our operations manager and underwriter, so they can instantly render a decision for you!

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