#1 CHOICE FOR CONDO LOANS, CONDO LENDING & CONDO FINANCING IN FLORIDA & ALABAMA
Blissful Mortgage Condo loans
We specialize in Condo Loans Financing for Warranted Condo Loans, Non-Warranted Condo Loans, Condotel Condo Loans, Primary Condo Loans and DSCR investment Condo loans for long and short term rentals. Blissful Mortgage is your Condo Mortgage loan experts with 18 years of experience. What makes a Blissful Mortgage experts? Importantly our extensive knowledge in Condo lending in over 160 miles of Coastal Condos in the Gulf Panhandle. From Gulf shores AL to Panama City beach FL. Voted in the top 10 places to invest in Condo Investment Properties for the last few years. Next we took that knowledge to serve all of Florida and Alabama. We have the most extensive lender list for DSCR Short term or long term Rental Condo loans. For Primary Condos, Second home Condos, VA Condos, DSCR Investment Condo loans, Business LLC Condo loans, we have them all. Make us your first call.
The Myth About Condo Loans
Florida & Alabama Condo loans lending and financing are complex with Warranted Condo Loans, Non-Warranted Condo Loans and CondoTel Condo loans in the state of Florida and Alabama. Plus with all the loan types of Condo Mortgage Loan types, Warranted Condo Loans, Non-Warranted Condo Loans, DSCR Investment Condo Loans it is very complex and hard to navigate for home town banks.
The Calls We Get All The Time
The calls we get all the time are ( THE BANK TOLD US WE COULD GET FINANCING AND AFTER WEEKS OR MONTHS THEY TELL US THEY CAN NOT DO THE LOAN! CAN YOU HELP US? OUR CONTRACT IS ABOUT TO EXPIRE! )
Banks especially your home town banks do not know the complexity of Florida or Alabama coastal condos. From the beach to inland condos the variations can be complex and intimidating. From primary, second home, investment or business purpose loans you need a expert in the field of condo loans to guide you along the way. We also do not just have one place to get rates for you like banks. We have a multitude of nation-wide lenders specializing in condo financing to shop the very best in rates and programs for you. Call us first TOGETHER WE’LL CAPTURE YOUR LIFE’S BLISS
QUALIFYING CONDO TYPES
Warranted Condos, Non-Warranted Condos, CondoTel Condos.
- Warrantable Condo – able to be sold to Fannie Mae/Freddie Mac. No single entity owns more than 10% of the units in a project, including the developer.
- At least 51% of the units are owner-occupied.
- Fewer than 15% of the units are in arrears with their association dues.
- There is no litigation in which the homeowner’s association is named.
- Commercial space account for 35% or less of the total building square footage.
- Not defined as a condotel.
Non Warranted Condo
- In a development which has yet to be completed.
- Has a development which allows for short term rentals.
- The development where one person or entity owns more than 10% of all units.
- In a HOA or development where less than 50% of the occupants in a complex are the owners.
- Is in a HOA or development involved in litigation of any kind of regardless of whether the building is suing another party, or is the party being sued
- Is not defined as a condotel
- Condotel – could contain any of the following
- Has the word hotel, motel, resort or lodge in the name.
- Condo project in which any of the unit owners or homeowner’s association is a party to a revenue-sharing agreement with either the developer or another third party entity.
- Condo project where the unit is not the lessee’s residence.
- Projects that are managed and operated as a hotel or motel such. Has maid service, check-in front desk, daily rentals, central phones on site, etc.
- Calculate Custom Payments.
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- Upload Docs.
- Stay In Contact Message Center.
- Status Updates For All Parties.
- Apply On Your Phone.
- Snap Photos Of Docs on Phone.
- Issue Your Own Pre-Approval.
Types of Condo Loans Mortgage Loans
Conventional, FHA, VA, USDA and DSCR Investment Condo Loans.
The type of condo that you wish to buy and the intended uses that you have for the property will help you determine the type of residential financing that you need. Once you’ve narrowed your choices down, there are several different types of loans that can help you with your purchase.
GOV BACKED CONDO LOANS
- Conventional loan: A traditional fixed-rate or adjustable-rate mortgage (ARM) with assigned monthly payments and term periods. To qualify, you’ll need to establish a certain minimum credit score and debt-to-income ratio and provide a down payment and select personal details.
- FHA loan: Short for Federal Housing Authority (FHA) loans, refers to a type of federally backed loan product with less stringent credit requirements and lower down payments attached. Be advised, though: FHA Condo rules are stricter than the rules that this government agency applies to single-family homes.
- VA loan: Veterans Administration (VA) loans are reserved for members of the military, veterans and eligible surviving spouses. Individuals who qualify for these financial products will find their applications backed by the federal government, allowing them to obtain more favorable terms from lenders.
- USDA loan: A U.S. Department of Agriculture (USDA) loan is offered to property owners in select rural areas. These may come with low-interest mortgages and zero down payments attached.
DSCR CONDO INVESTMENT LOANS
- DSCR Loan: A DEBT SERVICE COVERAGE RATIO. DSCR REAL ESTATE INVESTMENT CONDO LOANS Qualify on Past Proven or Projected rental income. Up to $4 million. LOW DOC and NO TAX RETURNS and can be put in a Business LLC. Perfect for borrowers looking to invest in Real Estate.
- DSCR loans Florida and DSCR Loans Alabama are Real Estate Investment Loans. This DSCR loan qualifies you based on service coverage ratio loans. Furthermore it uses the Real Estate Investment property’s expected long term rental income or short term rental income of the Condo to cover the debt obligation from the loan amount. This does not use your personal income for the debt which means you don’t need to meet income, debt, or employment requirements other financing options require. Consequently this is a great Real Estate Investment loan for short term rental and long term rental. Because of this you also get great perks like faster closings and loan options to lower your monthly payments. Whether you’re hoping to refinance your Real Estate Investment property or looking to add to your real estate portfolio.
For a complete list of Condo Loan options for warranted, non warranted visit our Condo web page.
Florida & Alabama Condo Loans Lending & Financing, Warranted, Non Warranted, Condotel. FHA/VA/CONV, APPROVED LIST. NON-QM, PORTFOLIO. LOANS 30yr
FLORIDA MORTGAGE BROKER/LENDER SPECIALIST, SERVICE LOCATIONS CONDO LOANS
FLORIDA CONDO LOANS LENDING & FINANCING Northwest Florida Cities
NORTHWEST FLORIDA Escambia Co and Santa Rosa Co Pensacola beach Fl, Milton Fl, Perdido Key Fl and Gulf Breeze Fl. Next is Okaloosa Co and Walton Co Navarre Beach Fl, Ft Walton Beach Fl, Destin Fl and 30A Fl. Also DeFuniak Fl, Freeport Fl and Miramar Beach Fl. Including Bay Co Panama City FL, Mexico Beach Fl and Chipley Fl. Also Washington Co, Jackson Co and Gulf Co Port St Joe Fl. Franklin Co Cape San Blas Fl, St George Island Fl and Carrabelle Fl. Finally Leon Co Tallahassee Fl. CONDO MORTGAGE LOANS for the whole state of FLORIDA.
FLORIDA CONDO LOANS LENDING & FINANCING North and Central Florida Cities
NORTH FLORIDA CONDO MORTGAGE LOANS
NORTH FLORIDA Nassau Co, Duval, Clay Co and Saint Johns Co Jacksonville Beach Fl, St Augustine FL and Fernandina Beach Fl. Includes Marion Co and Lake Co The villages Fl and Ocala FL. With Putnam Co Palatka Fl. Alachua Co High Springs Fl and Gainesville Fl. CONDO MORTGAGE LOANS.
CENTRAL FLORIDA MORTGAGE CONDO LOANS
CENTRAL FLORIDA . Includes Flagler Co and Volusia Co Daytona Beach Fl, Ormond Beach Fl, Smyrna Beach Fl, and Palm Coast Fl. Also Orange Co, Osceola Co and Polk Co Orlando Fl, Clermont Fl. Winter Haven Fl, Poinciana Fl, Kissimmee Fl, Sanford Fl and Deltona Fl. Along with Pinellas Co Clearwater Beach Fl, Indian Rocks Beach Fl, Indian Shores Fl, North Redington Beach Fl, Maderia Beach Fl and Treasure Island Fl. Next is Hillsborough Co Tampa Fl, Lakeland Fl, St Petersburg Fl, St Pete Beach Fl and Palm Harbor Fl, Including Brevard Co Melbourne Fl, Melbourne beach Fl, Cape Canaveral Fl, Cocoa Beach Fl, Port St John Fl, Fort Pierce Fl, Merritt Island Fl and Satellite Beach Fl. CONDO MORTGAGE LOANS.
FLORIDA CONDO LOANS LENDING & FINANCING South Florida Cities
SOUTH FLORIDA CONDO MORTGAGE LOANS
SOUTH FLORIDA Manatee Co, Sarasota Co Longboat Key Fl, Venice Fl, North Port Fl, Bradenton Fl, Sarasota Fl and Port Charlotte Fl. With Charlotte Co and Lee Co Fort Myers Fl, Lehigh Acres Fl, Punta Gorda Fl and Bonita Springs Fl. Plus Collier Co Naples Fl and Marco Island Fl. Plus Monroe Co Key Largo Fl, Tavernier Fl, Islamorada Fl, Marathon Fl and Key West Fl. Miami-Dade Co Miami Fl, Gables Fl, Sunrise Fl and Hialeah Fl. Next Broward Co Hollywood Fl, Fort Lauderdale Fl, Pompano Beach Fl, Miramar Fl and Coral Springs. Lastly Martin Co and Saint Lucie Co Boca Raton Fl, Delray Beach Fl, Boynton Beach Fl, West Palm Beach Fl, Jupiter Fl and Palm Beach Shores Fl. Finally Riviera Beach Fl, Port Saint Lucie Fl, Vero Beach Fl and Jensen Beach Fl. Finally Indian River Co Indian River Shores Fl and Sebastian Fl. CONDO MORTGAGE LOANS.
ALABAMA MORTGAGE BROKER/LENDER SPECIALIST. CONDO LOANS SERVICE SPECIALIZED LOCATIONS
Alabama CONDO LOANS MORTGAGE LENDING & FINANCING Baldwin Co Gulf Shores AL, Orange Beach AL, Foley AL, Fort Morgan AL, Plus Dauphin Island AL Fairhope AL, Daphne AL and Spanish Fort AL. Houston Co Dothan AL. Montgomery Co Montgomery AL Lee Co Auburn AL. Clanton Co Clanton AL. Shelby Co Alabaster AL. Autauga and Elmore Co Prattville AL Jefferson and St Clair Co Birmingham AL, Trussville AL. Lee Co and Russell Co Phenix City AL Columbus AL. Tuscaloosa Co Tuscaloosa AL Madison Co Huntsville AL Morgan Co Decatur AL Marshall Co Guntersville AL, Harestelle AL, Center AL, Homewood Al, Alexander City AL, Dadeville AL, Hoover AL, Athens AL, Wetumpka AL, Vestavia AL, Pell City AL, Vestavia Hills AL. CONDO LOANS for the whole state abama specialist.
CONDO LOANS ALABAMA CONTIES
CONDO LOANS ALABAMA COUNTIES Autauga County, Baldwin County, Barbour County, Bibb County, Blount County, Bullock County, Butler County, Calhoun County, Chambers County, Cherokee County, Chilton County, Choctaw County, Clarke County, Clay County, Cleburne County, Coffee County, Colbert County, Conecuh County, Coosa County, Covington County, Crenshaw County, Cullman County, Dale County, Dallas County, DeKalb County, Elmore County, Escambia County, Etowah County, Fayette County, Franklin County, Geneva County, Greene County, Hale County, Henry County, Houston County, Jackson County, Jefferson County, Lamar County, Lauderdale County, Lawrence County, Lee County, Limestone County, Lowndes County, Macon County, Madison County, Marengo County, Marion County, Marshall County, Mobile County, Monroe County, Montgomery County, Morgan County, Perry County, Pickens County, Pike County, Randolph County, Russell County, Shelby County, St. Clair County, Sumter County, Talladega County, Tallapoosa County, Tuscaloosa County, Walker County, Washington County, Wilcox County, Winston County, CONDO LOANS.