CONDO LOANS, CONDO LENDING & CONDO FINANCING 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 17 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
CONDO TYPES
Warranted Condos, Non-Warranted Condos, CondoTel Condos.
Warranted
- 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
- 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.
- View Loan Status.
- 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 INVESTMENT LOANS
- DSCR Loan: A DEBT SERVICE COVERAGE RATIO. DSCR INVESTMENT COND 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.
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 LENDING & FINANCING Gulf Shores AL, Orange Beach AL, Foley AL, Fort Morgan AL, Dauphin Island Al, Fairhope AL, Daphne AL, Spanish Fort AL, Dothan Al, Montgomery Al, Auburn Al, Clanton Al, Alabaster Al, Prattville Al, Trussville Al, Phenix City Al, Columbus Al, Tuscaloosa Al, Birmingham Al, Huntsville Al, Decatur Al, Guntersville Al, CONDO MORTGAGE LOANS for the whole state of ALABAMA. We are the CONDO LOANS specialist for ALABAMA.