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 👇
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)
DOWNLOAD our Condo Package below. It consists of the following:
📑 CONDO CHEAT SHEET
📝CONDO BUDGET FORMULA
Additionally, you can you also download other helpful resources ⬇️⬇️⬇️
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).
Boom! We're on our way to check whether it's a viable deal!
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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