Finding a condo loan can prove to be difficult for condominium borrowers, but PrimeLending makes it easy by offering a range of condominium products including conventional, FHA, VA, USDA, jumbo and even non-warrantable condo options.
PrimeLending has its own in-house condo department which helps us to determine project eligibility and streamline approval for both new and existing condominium projects.
Seeking approval for a condo project? Please submit the following information to your PrimeLending loan officer and we’ll take it from there:
- Condo Questionnaire (your loan officer will provide)
- Master policy with building, liability, and fidelity coverage
- Current budget on a CPM (condo project manager) review
- Condo recorded docs (if new project)
- Declarations / CC&R’s (covenants, conditions and restrictions)
- Plat map
- Current budget