FORT LAUDERDALE FLORIDA CONDO MORTGAGE LENDERS

FORT LAUDERDALE FLORIDA CONDO, CONDOTEL AND NON-WARRANTABLE CONDO LENDERS

Miami Beach — Panama City Beach FL –Fort Lauderdale FL –  Palm Beach FL– Clearwater Beach Fl

  • • 96.5% LTV on Owner Occupied FORT LAUDERDALE FLORIDA Condos=  3.5% Downpayment!
  • • 95% LTV on FORT LAUDERDALE FLORIDA Owner Occupied Condos=  5% Downpayment!
  • • 90% LTV on Second FORT LAUDERDALE FLORIDA Home Condos= 10% Downpayment!
  • • 80% LTV on Second FORT LAUDERDALE FLORIDA Home Condos= 20% Downpayment
  • • 80% LTV on Investment FORT LAUDERDALE FLORIDA Condos= 20% Downpayment
  • • 80% Non warrantable FORT LAUDERDALE FLORIDA Condo loans 
  • • 80% FORT LAUDERDALE FLORIDA CONDOTEL MORTGAGE LENDERS

3,5,7,15, 20 and 30 year fixed rate FORT LAUDERDALE FLORIDA condo loan terms available!

all programs subject to change without notice.

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www.Florida-Mortgage-Lenders.com

FORT LAUDERDALE FLORIDA CONDO MORTGAGE LENDERS

FLORIDA CONDOTELS + NON-WARRANTABLE CONDO LENDERS

Florida condo mortgage applicants will find that a mortgage on a FORT LAUDERDALE FLORIDA condo is more complex than purchasing a FORT LAUDERDALE FLORIDA single family or town-home or villa. There are additional requirements for FORT LAUDERDALE FLORIDA condo associations that do not exist in other typical Florida mortgage transactions. The Condo must be approved by the Florida mortgage lender via condo association questionnaire before you can get financing on a Florida condo.

MANY FORT LAUDERDALE FLORIDA LENDERS WILL NOT MORTGAGE  CONDOMINUMS

Having trouble getting a Florida condo mortgage because the condo you are interested in is being denied by your Florida mortgage lender? Florida mortgage lenders.com offers condominium mortgage loans on many Florida condos projects that are not Fannie Mae approved and which other Florida mortgage lenders consider not financeable. Conditions include the Florida mortgage applicant must: 

1. The FORT LAUDERDALE FLORIDA condo purchase must be a primary residence = 25% down payment for a purchase or 25% equity for a refinance.

2. 2nd FORT LAUDERDALE FLORIDA condo home loan transactions require a minimum 30% down payment for purchase and 30% equity in the Florida condo for a refinance.

Our expanded FORT LAUDERDALE FLORIDA condo mortgage approvals for condos require no condo questionnaire, no review of the association budget and no approval of the project reserves. It may seem counter-intuitive, but no matter how strong you may be as a Florida mortgage applicant, or what the down-payment/Loan-to-Value is; most Florida mortgage lenders will not mortgage Florida condos if they fail even basic criteria of a condo questionnaire. Details of most denials include: pending litigation in the project, low % of owner-occupancy, high % of current condo owners late on their HOA fees are just a few reasons that will kill your Florida condo mortgage. It is very risky to attempt to secure financing with Florida mortgage lenders that require Condominium questionnaire approval. A result of the Florida housing market crash is that most Florida condo projects have some of the aforementioned issues. The safe and easy path to a smooth Florida mortgage process is to work through one of the very limited number of Florida mortgage lenders that do not require Florida condo questionnaire approval.

FORT LAUDERDALE FLORIDA condo Mortgage Lenders.com is one of only a very small number of limited Lenders with Access to the Florida mortgage lenders that do not require a Florida condo questionnaire that offer these programs. 

FORT LAUDERDALE FLORIDA CONDOMINUM MORTGAGE REQUIRMENTS

Florida Mortgage lenders have requirements for FORT LAUDERDALE FLORIDA condo financing.

Mortgaging a Florida condominium comes with a few more requirements than a standard Florida mortgage. Condominiums are mostly part of a condo association and the reputation of that association can affect a Florida mortgage applicants chances of obtaining condo financing. Due to the number of association delinquencies many Florida mortgage lenders have raised their requirements for financing when purchasing Florida condominiums. Large down payments usually between 20-30%, association questionnaire approvals and inspections approved directly by the Florida mortgage lender are some of the requirements that Florida condo buyers must meet before they obtain a loan for a Florida condominium. 

FORT LAUDERDALE FLORIDA  CONDO ASSOCIATION FEES

Living in a Florida condominium complex usually requires the unit owners to pay association fees. Most Florida mortgage companies can now refuse financing if 15 percent or more of the residents are 30 days or more behind on their association dues. Delinquency rates in dues worries Florida mortgage lenders because it casts doubt on the association’s cash reserves and financial status.

New Florida condominium units and complexes have a minimum criterion of sold units to meet. Most Florida Mortgage Lenders now want to see at least 49 percent of the units sold or under contract before they will agree to financing.

FORT LAUDERDALE FLORIDA INSPECTIONS

o Condominium inspections usally take place before the Florida mortgage applicant apply for condo financing.. However, all Fannie Mae-backed Florida mortgages for condos will have to undergo an inspection by a Fannie Mae representative. This includes the complex as well as an investigation into the association’s financial situation. Previously, Florida condominium inspections were carried out but by the individual Florida mortgage lender.

FORT LAUDERDALE FLORIDA CONDOS REQUIRE LARGER DOWNPAYMENT

Mortgage insurance (MI) companies are currently not providing private mortgage insurance in Florida due to the large number of defaults. As a result Florida condo mortgage applicants are required to put down a minimum 20 percent down payment.

QUESTIONS TO ASK THE FORT LAUDERDALE FLORIDA  ASSOCIATION:

1. Is the Florida condo project Fannie Mae or FHA Approved? If the answer is yes, then you may proceed as long as the FORT LAUDERDALE FLORIDA condo is not on the Florida mortgage lender’s unbendable list (Yes, this is still possible even if a Florida condo project is Fannie Mae approved). It is important to note that some phases within a Florida condo project may be approved while others may not. This is a common mistake that can blow up many deals.

2. Am I eligible for a FORT LAUDERDALE FLORIDA condo Project Review Waiver? (Also called a Limited Review) Primary Florida condo purchases with a 25% down payment/equity. Second FORT LAUDERDALE FLORIDA condo home transactions with a 30% down payment/equity. Investment Properties are not eligible. Beware of lenders offering “Limited Review” of a condo but requiring a Condo Questionnaire. If a condo questionnaire is required, then it is not a limited review and you risk your loan being denied for factors not related to your individual credit worthiness. Check that your Condo is not on the lender’s list of denied projects. The Government Homeowner Assistance Program = HARP will allow you to refinance up to 125% of your home’s value if your Loan is owned by Fannie Mae or Freddie Mac. There is no project approval for these programs.

3. Can I get an FHA Loan in a FORT LAUDERDALE FLORIDA condo that is not FHA Approved? No. Currently FHA and lenders are not allowing spot reviews of condos for FHA Loans. You should check which Condos in the area you are interested in buying are already FHA approved if you are interested in a low down payment FHA loan.

4. What is the minimum down-payment for a FORT LAUDERDALE FLORIDA condo Loan? For purchases, typically the minimum down payment is 20%. We encourage that you put more money down so that we can waive the project approval requirements. 25%- Owner Occupied. 30%- Second Home. If the project is FHA approved, you can purchase a primary residence with a 3.5% down-payment. For Refis, if the loan is eligible for HARP- Government Homeowner Assistance Programs- Then it is possible to get a condo home loan for up to 125% of the home’s value.

MIAMI FL FHA MORTGAGE LENDERS – BAD CREDIT FORT LAUDERDALE FLORIDA MORTGAGE LENDERS

 Broward County Florida Condo Mortgage Lenders Municipalities Broward County Municipalities (pdf) Broward County Municipalities and Zipcodes (pdf) Broward County Municipalities and Commission Districts (pdf) Broward County Municipalities 8.5 x 11 (pdf) Municipal Boundaries Wall Map 60 x 60 inches (pdf)

BROWARD MUNICIPAL SERVICES DISTRICT​​
Broward County Florida Condo Mortgage Lenders
Phone: 311 Website
Governing Officials
COCONUT CREEK
4800 W. Copans Road, Coconut Creek, FL 33063
​Phone: 954-973-6770
Fax: 954-973-6794
Website
Governing Officials
COOPER CITY
9090 S.W. 50 Place, P.O. Box 290910, Cooper City, FL 33329
Phone: 954-434-4300
Fax: 954-434-5099
Website
Governing Officials
CORAL SPRINGS​​
9551 W. Sample Road, Coral Springs, FL 33065
Phone: 954-344-1001
Fax: 954-344-1016
Website
Governing Officials
DANIA BEACH​​
100 W. Dania Beach Blvd., Dania Beach, FL 33004
Phone: 954-924-3600
Fax: 954-924-2604
Website
Governing Officials
DAVIE 
6591 Orange Drive, Davie, FL 33314
Phone: 954-797-1000
Fax: 954-797-1087
Website
Governing Officials
DEERFIELD BEACH
150 N.E. Second Ave., Deerfield Beach, FL 33441​​
Phone: 954-480-4200
Fax: 954-480-4268
Website 
Governing Officials
FORT LAUDERDALE
100 N. Andrews Ave., Fort Lauderdale, FL 33301
Phone: 954-828-5000
Fax: 954-828-5667
Website
Governing Officials
HALLANDALE BEACH
400 S. Federal Highway, Hallandale Beach, FL 33009
Phone: 954-458-3251
Fax: 954-457-1342
Website
Governing Officials
HILLSBORO BEACH
1210 Hillsboro Mile, Hillsboro Beach, FL 33062
Phone: 954-427-4011
Fax: 954-427-4834
Website
Governing Officials
HOLLYWOOD
2600 Hollywood Blvd., Hollywood, FL 33022
Phone: 954-967-4357
Fax: 954-921-3233
Website
Governing Officials
LAUDERDALE-BY-THE-SEA
4501 Ocean Drive, Lauderdale-By-The-Sea, FL 33308
Phone: 954-776-0576
Fax: 954-776-1857
Website
Governing Officials
LAUDERDALE​ LAKES
4300 N.W. 36 St., Lauderdale Lakes, FL 33319
Phone: 954-535-2700
No Fax listed
Website
Governing Officials
LAUDERHILL
5581 W. Oakland Park Blvd., Lauderhill, FL 33313
Phone: 954-730-3000
Fax: 954-730-3062
Website
Governing Officials
LAZY LAKE
2250 Lazy Lane, Lazy Lake, FL 33305
Phone: 954-614-9058
Fax: 954-563-5649
LIGHTHOUSE POINT
2200 N.E. 38 St., Lighthouse Point, FL 33064
Phone: 954-943-6500
Fax: 954-784-3446
Website
Governing Officials
MARGATE
5790 Margate Blvd., Margate, FL 33063
Phone: 954-972-6454
Fax: 954-935-5304
Website
Governing Officials
MIRAMAR
2300 Civic Center Place, Miramar, FL 33025
Phone: 954-602-3011
Fax: 954-602-3440
Website
Governing Officials
NORTH LAUDERDALE
701 S.W. 71 Ave., North Lauderdale, FL 33068
Phone: 954-722-0900
Fax: 954-720-2151
Website
Governing Officials
OAKLAND PARK
3650 N.E. 12 Ave., Oakland Park, FL 33334
Phone: 954-630-4200
Fax: 954-630-4215
Website
Governing Officials
PARKLAND
6600 University Drive, Parkland, FL 33067
Phone: 954-753-5040
Fax: 954-341-5161
Website
Governing Officials
PEMBROKE PARK
3150 S.W. 52 Ave., Pembroke Park, FL 33023
Phone: 954-966-4600
Fax: 954-966-9781
Website
Governing Officials
PEMBROKE PINES
10100 Pines Blvd., Pembroke Pines, FL 33026
Phone: 954-431-4500
Fax: 954-437-1149
Website
Governing Officials
PLANTATION
400 N.W. 73 Ave., Plantation, FL 33317
Phone: 954-797-2200
Fax: 954-797-2223
Website
Governing Officials
POMPANO BEACH
100 W. Atlantic Blvd., Pompano Beach, FL 33060
Phone: 954-786-4600
Fax: 954-786-4504
Website
Governing Officials
SEA RANCH LAKES
1 Gatehouse Road, Sea Ranch Lakes, FL 33308
Phone: 954-943-8862
Fax: 954-943-5808
General Information Online
SOUTHWEST RANCHES
6589 S.W. 160 Ave., Southwest Ranches, FL 33331
Phone: 954-434-0008
Fax: 954-434-1490
Website
Governing Officials
SUNRISE
10770 W. Oakland Park Blvd., Sunrise, FL 33351
Phone: 954-741-2580
Fax: 954-746-3439
Website
Governing Officials
TAMARAC
7525 N.W. 88 Ave., Tamarac, FL 33321
Phone: 954-597-3500
Fax: 954-597-3470
Website
Governing Officials
WEST PARK
1965 S. State Road 7, West Park, FL 33023
Phone: 954-989-2688
No Fax
Website
Governing Officials
WESTON
Weston City Hall
17200 Royal Palm Blvd., Weston, FL 33326
Phone: 954-385-2000
Fax: 954-385-2010
Website
Governing Officials
WILTON MANORS
Wilton Drive, Wilton Manors, FL 33305
Phone: 954-390-2100
Fax: 954-390-2199
Website
Governing Officials
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