Condo Mortgage Program 90% LTV to $2,500,000
Purpose: Purchase, Refinance Cash Out
This 90% LTV condo mortgage program offers low down payment financing for qualified borrowers with credit score requirements and loan amounts reaching up to $2,500,000, the program supports both purchase and cash-out refinance scenarios.
Lenders evaluate credit strength, property type, and overall borrower stability to accommodate a wide range of condo scenarios, including larger loan balances and non-traditional condominium classifications.
These expanded options provide a streamlined path for qualified buyers who require higher LTVs, competitive rates, and underwriting flexibility within today’s complex condo market.
* 90% LTV – $2,000,000 – 700 Credit Score
* 90% LTV – $1,500,000 – 680 Credit Score
* 90% LTV – $3,000,000 – 700 Credit Score
* 85% LTV – $2,500,000 – 660 Credit Score
* 85% LTV – $1,500,000 – 640 Credit Score
Verbal Verification of Employment Options Available (VVOE)
* First Time-Home-Buyer OK – 2 Million Maximum Loan Amount
* 40 Year Fixed Rate – Interest-Only Option with 660 Middle Credit Score
Expanded Guidelines Options for Non-Traditional Condominium Property Types* Inherited Properties – OK. Includes Properties Obtained via Divorce/Separation or Dissolved Domestic Partnership. 6 Months Inheritance Seasoning Required for Cash Out “Using Market Value”
* Delayed Financing – OK
* Eligible Property Types & Occupancies: Primary Residence, Second Homes – SFR Only, Non-Owner-Occupied / Investment – SFR Only. Non-Warrantable Condos and Condotels OK
* Foreign National, Permanent Resident Aliens, and Non-Permanent Resident Aliens OK
* Power of Attorney OK for Purchase and Rate and Term Refinance
* Non-Occupant Co-Borrower’s OK
* Vesting LLC OK
* Gaps in Employment OK Case-by-Case
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, and Washington.