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Tag: #floridamortgagerates

Self-employed? Your mortgage application follows the same rules as everyone else. What changes is how lenders verify your income. When you are self-employed or a business owner and you want to buy a home, you fill out the same application as everyone else. The same factors are considered: your credit score, how much debt you have, your assets, and your income. So what is different? When you work for someone else, lenders go to your employer to verify the amount and history of that income, and how likely it is you will keep earning it. When you work for yourself, there is no employer to call. Your income has to be documented another way. That is the part our Mortgage Experts walk Florida busi

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida.

Self-employed? Your mortgage application follows the same rules as everyone else. What changes is how lenders verify your income. When you are self-employed or a business owner and you want to buy a home, you fill out the same application as everyone else. The same factors are considered: your credit score, how much debt you have, your assets, and your income. So what is different? When you work for someone else, lenders go to your employer to verify the amount and history of that income, and how likely it is you will keep earning it. When you work for yourself, there is no employer to call. Your income has to be documented another way. That is the part our Mortgage Experts walk Florida business owners through, along with the Non-QM options built for borrowers whose income does not fit the standard employer check. Learn more: https://www.fidelityhomegroup.com/self-employed-mortgages/ Self-employed in Florida and thinking about buying? Call or text us at 407-955-4575. ? original sound – Fidelity Home Group® – undefined

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

The mortgage application looks the same whether you work for yourself or for someone else. The income verification is where things change. When you are self-employed or a business owner and you want to buy a home, you fill out the same application as everyone else. The same factors are considered: Your credit score How much debt you have Your assets Your income So what is different? When you work for someone else, lenders go to your employer to verify the amount of that income, its history, and how likely it is you will keep earning it. When you work for yourself, there is no employer to call. Showing that your income is steady falls on you and your business. That is the one key difference.

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida.

The mortgage application looks the same whether you work for yourself or for someone else. The income verification is where things change. When you are self-employed or a business owner and you want to buy a home, you fill out the same application as everyone else. The same factors are considered: Your credit score How much debt you have Your assets Your income So what is different? When you work for someone else, lenders go to your employer to verify the amount of that income, its history, and how likely it is you will keep earning it. When you work for yourself, there is no employer to call. Showing that your income is steady falls on you and your business. That is the one key difference. It is also the part we walk Florida business owners and self-employed buyers through before they apply. Not sure how your income will be viewed? Let’s talk through your numbers. Call us 7 days a week at (386) 456-6380. ? original sound – Fidelity Home Group® – undefined

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Why There are More Homes for Sale Right Now (and What It Means for You)

Written by Fidelity Home Group Syndicated User on . Posted in Buying Tips, Florida Mortgage, Florida Mortgage Rates, For Buyers, For Sellers, Inventory, Mortgage Florida, Selling Tips.

Why There are More Homes for Sale Right Now (and What It Means for You) Simplifying The Market

Mortgage rates being back above 7% isn’t exactly the news most people wanted. But it’s changing the market in ways that matter whether you’re buying or selling.

The number of homes for sale is growing faster than it was this time last year. And interestingly, the main reason isn’t a flood of new listings. It’s because homes aren’t selling as quickly.

Here’s why – and what that means if you’re thinking about buying or selling.

Inventory Growth Is Picking Up Steam

According to HousingWire Data, after inventory growth slowed down for most of the past year, it’s accelerated again in recent weeks. You can see that in the graph below. Just look at the blue line:

a graph of growth and growth

And what’s behind this shift might surprise you.

When rates rise, some buyers hit pause. That means fewer homes sell each week. And as those unsold homes stay on the market alongside new listings, the number available starts to grow (see the blue line in the graph below).

Here’s another way to look at it to make it even more obvious. The graph below shows the relationship between rates and inventory. Again, this year is the blue line. Last year? That’s the green.

With rates inching up this year, you can see inventory has grown by about 25k. But when rates went down this time last year, buyers jumped back in, and inventory actually dropped by about 9k.

a graph of growth and growth of a mortgage

Logan Mohtashami, Lead Analyst at HousingWire, explains how that’s flipped from 2025 to 2026:

“With mortgage rates over 7%, demand tends to soften and inventory rises . . .”

Homes Are Spending More Time on the Market

Here’s another metric that shows the impact rates are having: time on market. Data from Realtor.com shows the typical home spent 61 days on the market this September. Back in September 2021, it was just 41 days (see graph below):

a graph of sales growth

Here’s what that tells us. In 2021, when rates were low, more buyers were active, and homes sold fast. But now that rates are a bit higher, not as many buyers are interested, so it takes a bit longer to close a deal.

How To Make This Market Work for You

So, what does all of this mean for your plans? That depends on which side of the move you’re on:

If you’re buying, more homes for sale means more choices and less pressure to rush. And more room to negotiate too. A house that’s been sitting for a while could have a seller who’s more willing to talk – not just about price, but repairs, closing costs, or even helping buy down your mortgage rate.

That doesn’t mean every seller will play ball. But compared to the frenzy of a few years ago, buyers have more leverage now.

If you’re selling, the right strategy can make all the difference. Buyers have more homes to choose from, so making yours stand out is especially important. That starts with pricing it right from day one, making a great first impression, and working with your agent to highlight what makes your house worth choosing. Buyers are still buying and homes are still selling. The key is making sure yours is positioned to attract the right buyer.

The market hasn’t stopped. It’s just moving at a different pace. And whether you’re buying or selling, your strategy needs to move with it.

Bottom Line

In many places right now, inventory is growing and homes are taking a bit longer to sell. And that’s information that should shape the strategy you use going in.

Whether you’re buying or selling, connect with a local real estate agent to look at how long homes are taking to sell in your neighborhood, so your offer, or your price, fits today’s market.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

Why Most People Are Still Glad They Bought a Home

Written by Fidelity Home Group Syndicated User on . Posted in Affordability, Equity, First-Time Buyers, Florida Mortgage, Florida Mortgage Rates, For Buyers, Home Prices, Mortgage Florida, Rent vs. Buy.

Why Most People Are Still Glad They Bought a Home Simplifying The Market

With everything going on, it’s understandable if you’re wondering if you’d regret buying right now. 

Everyday expenses cost more. Mortgage rates are higher than you’d like. And when the economy feels uncertain, taking on a mortgage can feel like a much bigger leap. But here’s some perspective that may help…

Most people who already made that leap would do it again.

According to a recent survey from NerdWallet, the vast majority of recent buyers (74%) were glad they bought their current home. Only a very small 3% of people regret it:

a graph with text on it

And here’s a big reason why so many people feel it was worth it, even now.

Homeownership Is a Long-Term Play

When you’re deciding whether to buy, it’s easy to focus on what’s happening right now. What’s today’s mortgage rate? Are prices going up or down? Those things matter. But don’t get so caught up in buying in the perfect moment that you miss the bigger picture.

A home isn’t typically something you buy for just a year or two. It’s a longer-term play. And when you zoom out, it all starts to fall into perspective – especially if you look at home prices and equity.

According to data from the Federal Housing Finance Agency (FHFA), home prices nationally have risen 33.4% over just the past five years (see map below):

a map of the united states

And that appreciation has helped current homeowners build some serious wealth. Research from Bankrate shows homeowners gained an average of nearly $150,000 in wealth over the past five years as equity steadily rose across 90% of major metro areas.

That’s one of the biggest benefits of homeownership. As you pay down your mortgage and your home appreciates over time, your ownership stake – your equity – can grow.

Now, Zoom Out Even Further

The five-year numbers are impressive. But the numbers get even more dramatic when you look at decades instead of individual market cycles.

FHFA data shows home prices nationally have risen 336% since 1991. Sit with that for a second. Three hundred percent (see map below):

a map of the united states with numbers and a number of states 

That doesn’t mean prices go up every single year. And it doesn’t mean buying is automatically the right decision for everyone today. You should only buy when the numbers (and the payment) work for you.

What it does show is why trying to perfectly time the market can make you miss the bigger picture. 

Over time, homeowners gain a lot of equity. And that equity can eventually become a powerful financial resource. As Freddie Mac explains: 

“Your home’s equity is part of your total wealth as a homeowner. If you decide to sell your home, the equity you have built over time will come back to you in the sale. . .

If it’s time to upsize or downsize, you can use that cash for the down payment on your next home.”

Basically, if you can afford to do it, buying a home now could set you up for future moves.

And just in case you’re someone who’s worried about what happens if prices do fall, after you buy, remember: you’re not buying for one year.

Prices can dip. They have before. But historically, they’ve risen far more over the long run. And the longer you own your home, the more time you have to ride out those ups and downs and keep building equity.

Bottom Line

Don’t let today’s uncertainty make you lose sight of what homeownership can do over time. Most homeowners say they’d make the same choice again. And decades of home-price growth help explain why.

If you’re wondering whether buying makes sense for you right now, connect with an agent to look at the numbers together – and what owning a home could mean for you in the years ahead.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

Renovate or Relocate? What To Know Before You Decide To Age in Place

Written by Fidelity Home Group Syndicated User on . Posted in Downsize, Florida Mortgage, Florida Mortgage Rates, For Sellers, Mortgage Florida, Selling Tips, Senior Market.

Renovate or Relocate? What To Know Before You Decide To Age in Place Simplifying The Market

You’ve spent years making your house feel like home, celebrating milestones, making each room your own, and turning neighbors into friends. As you look ahead to the next chapter of your life, it’s natural to wonder if this is still the place you want to spend it.

Whether you’re leaning toward staying in your house as you get older or moving to a 55+ community, the goal is the same: a home that fits the life you want, with more time for the people and things you love. So, here’s what to consider before you decide.

What It Can Take To Stay Put

Wanting to stay in a house you love and are familiar with makes sense. But most houses need at least some updates to make aging in place easier.

In fact, the Joint Center for Housing Studies of Harvard University (JCHS) finds that fewer than 4% of homes have the basics, like single-floor living, no-step entries, and wide hallways and doorways (see graph below):

a diagram of a pie chart

That means for most homeowners, staying put means doing a remodel.

The National Association of Home Builders (NAHB) reports more than half of remodelers (56%) take on this kind of work. Some of the most common projects are installing grab bars, curb-less showers (walk-in showers with no ledge to step over), and wider doorways.

Now, that’s not to say you can’t go this route. You most certainly can. But if this is how you’re leaning just know you’d be living with contractor noise and dust until the work gets done. Some people don’t want to live in a construction zone. Not to mention, having to manage the contractors and schedules, etc.

Your Equity Could Pay for Your Next Move

If that sounds like something you’d rather avoid, here’s the good news. The money for your next home may already be sitting in your current one. It’s called equity, which is the difference between what your house is worth and what you still owe on it. After years of mortgage payments and rising home values, it adds up. Jess Catorc, Co-Founder of Carry, explains:

“The way home equity builds and is used changes a lot depending on your stage of life. . . . For older homeowners, decades of mortgage payments and home-value growth can turn equity into a financial cushion.“

When you sell, that cushion can go toward a home that’s ready for this stage of life. No demo required. You just get the keys and it’s all there, ready for you. That means less time on projects and more time for living. And one option you may consider if you’re entertaining a move is a 55+ plus community.

Why 55+ Communities Are Worth a Look 

From the homes to the shared spaces to the activity calendar, these communities are planned around this stage of life. And that means everything you need is already rolled into one place. Rocket Mortgage lists some of the biggest perks (see visual below):

a blue and white diagram with white text

Instead of spending time and money to make your house easier to live in, you’d move into a community that’s designed with that in mind from the jump. That frees you up for the good stuff, like a morning walk with a neighbor, a game night down the street, or finally trying the hobby you’ve been putting off.

Bottom Line

Staying and moving can both be good choices. What matters most is finding the place where you’ll feel comfortable and at home for years to come.

A local real estate agent can help you weigh the two by showing you what your house could sell for and what 55+ communities in your area have to offer, so you can decide what feels right for you.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

What Higher Mortgage Rates Mean for Home Sellers

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, For Sellers, Mortgage Florida, Mortgage Rates, New Construction, Selling Tips.

What Higher Mortgage Rates Mean for Home Sellers Simplifying The Market

Higher mortgage rates don’t just affect buyers. They can change what it takes to sell your house, too.

That’s because today’s buyers are paying close attention to affordability. And when rates rise, even a relatively small change can make a noticeable difference in their monthly payment. So, they’re looking for ways to make the numbers work. And in some markets, new construction is giving them exactly that.

If you’re planning to sell, that doesn’t mean you can’t compete. But it does mean you need to understand what builders are doing to win over buyers – and what options you have, too.

Builders Are Competing on the Monthly Payment

New construction has something interesting going for it right now. While existing-home sales  (homes that have previously been lived in) continue to struggle under the weight of higher mortgage rates, new-home sales are holding up a bit better.

In a recent interview, Logan Mohtashami, Chief Economist at HousingWire explains new-home sales are at an 8-month high and are now running around 2019 levels. On the flip side, existing home sales are lagging behind and fall about 1 million home sales short of 2019 levels.

One big reason builders have been able to navigate higher rates differently is incentives. According to Realtor.com, nearly 1 in 5 (18.8%) newly built homes come with some kind of buyer incentive advertised up front:

a graph of a company's sales

The most common may surprise you. As the graph shows, many builders are offering reduced rates, sometimes through something called a mortgage rate buydown.

It’s essentially where they pay upfront costs to help buyers get a lower rate, and by extension, a lower monthly payment. It has obvious draws for buyers. For homebuilders, it helps them get their houses sold. So, a lot of builders see it as a win-win. That’s why reduced rates are a part of 13.8% of new home listings.

In some cases, builders are offering rates below 6%, maybe even far below 6%. And that can help buyers shave hundreds off their monthly payment. That’s a big difference to a buyer who are feeling the pinch right now.

So, How Can Sellers Like You Compete?

First, don’t assume a mortgage rate buydown is something only a builder can offer. Sellers can contribute toward a buyer’s rate buydown too, depending on the loan and transaction. Does that mean you should offer one? Or that you have to if you want to compete? Not necessarily.

A buydown is just one possible lever. Depending on your market and the buyer, it may make more sense to negotiate on price, contribute toward your buyer’s closing costs, make repairs, or make sure your house stands out in ways a new build can’t. That’s why working with an agent who knows your local competition matters. Joel Berner, Senior Economist at Realtor.com, says:

“Sellers of existing homes are facing a lot of competition from the new-home space. . . so sellers should highlight the local amenities of their neighborhoods in contrast to the more suburban or exurban communities where many new homes are built.”

A great agent will do this naturally anyways. Knowing what makes your house different and showcasing that in your listing can help your house stand out. And remember, being open to making a few compromises or throwing in some concessions can make a bigger difference for buyers than you may think.

Today’s Market Rewards Sellers Who Adapt

Builders have also been quicker to adjust their prices based on what buyers can actually afford and where demand is. That’s putting pressure on the resale market in some areas. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains:

“. . . existing homeowners now have to do the price discovery that builders have been doing since 2022.”

That’s an important message if you’re hoping to sell.

You don’t automatically need to slash your price or offer a big concession. But you do need to price and market your house based on what buyers can pay today – not what sellers could get a few years ago.

And remember, this varies tremendously by location. New construction represents a much bigger share of the competition in some markets than others, and builder incentives aren’t equally common everywhere. So, lean on an agent to see how big of a factor builders are in your area.

Bottom Line

Higher mortgage rates are making buyers more cost-conscious. Builders know that, and many are responding with rate buydowns, closing-cost help, price reductions, and other incentives.

If you’re thinking about selling, talk to an agent about what buyers are getting from other homes in your area – including new construction – so you can make sure your house is positioned to compete.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

An FHA mortgage could make homeownership more accessible than you think. FHA loans are popular with first-time and repeat homebuyers because they may offer: ? Down payments as low down payment

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida.

An FHA mortgage could make homeownership more accessible than you think. FHA loans are popular with first-time and repeat homebuyers because they may offer: ? Down payments as low down payment ? original sound – Fidelity Home Group® – undefined

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator

Hoping for (or Dreading) a Housing Crash? The Experts Just Weighed In.

Written by Fidelity Home Group Syndicated User on . Posted in Buying Tips, Equity, First-Time Buyers, Florida Mortgage, Florida Mortgage Rates, For Buyers, Forecasts, Home Prices, Mortgage Florida.

Hoping for (or Dreading) a Housing Crash? The Experts Just Weighed In. Simplifying The Market

Half the buyers out there are scared home prices are about to crash. The other half are hoping they will.

A recent survey from Clever found 58% of Gen Z buyers are actually rooting for a crash, just so homeownership feels within reach.

So, what do the forecasts actually say?

Every quarter, Fannie Mae surveys more than 100 housing experts on where prices are headed. The newest results are in. And spoiler alert: they’re not calling for a crash – not even the pessimists.

What the Newest Numbers Actually Say

The panel’s latest forecast has prices climbing every single year through at least 2030.

The panel’s average forecast is that prices will rise by 14.7% in the next 5 years. And here’s where it gets really interesting. If you split these experts into optimists and pessimists, even the pessimists still expect prices to increase about 6.6% by the end of 2030 (see graph below):

a graph showing the price of a home

The takeaway? If you’ve been waiting for prices to fall, you may be waiting a while.

One thing to keep in mind though – these are national numbers. Prices in your area could run a little hotter or a little cooler than this, so it helps to know what’s happening locally, too. But the big picture is prices aren’t crashing. Historically prices usually rise.

How This Quarter Compares to the Past

Here’s something you probably don’t realize. This survey runs 4 times every year, so you can track the panel’s mood over time.

A year ago, the panel expected home prices to grow 2.1% this year. Now they’re forecasting 2.5%. That means the near-term outlook actually got more optimistic. But that’s only part of the story. The years after that shifted, too (see graph below):

a graph of growth in a graph

Zoom out to 2027 through 2029 and the mood has cooled a bit. Each of those years is now expected to see a little less growth than the panel thought a year ago. That’s likely a reflection of where we are right now with everything that’s impacting the housing market.

But again, the overall takeaway here is every bar shows an increase in prices – the size of that increase has just moderated due to some of the factors at play.

A slower climb isn’t a bad thing, though. It’s a sign the market is settling into a more normal pace after a few wild years.

A little more growth here, a little less growth there. What hasn’t budged once is the idea that home prices will keep growing.

What It Means for Your Next Move

Now, percentages are great, but you probably care more about the actual dollars and cents of your move, so let’s graph that out, too.

Run the numbers on a $400,000 home bought in January, and the panel’s latest forecast puts you up about $58,000 in equity in 5 years just from price growth (see graph below):

a graph of growth in a number of green squares

That’s real wealth you could be building while others sit on the sidelines, waiting for a crash the experts don’t see coming. And with prices expected to keep rising, waiting could mean paying more for the same home later.

Bottom Line

Whether you’re bracing for a crash or hoping for one, the verdict is the same – prices are still expected to rise, not fall. Talk with a local real estate agent about what that means for your market and your plans.

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

The Mortgage Rate You See Online Isn’t Necessarily the One You’d Get.

Written by Fidelity Home Group Syndicated User on . Posted in Affordability, Buying Tips, First-Time Buyers, Florida Mortgage, Florida Mortgage Rates, For Buyers, Mortgage Florida, Mortgage Rates.

The Mortgage Rate You See Online Isn’t Necessarily the One You’d Get. Simplifying The Market

You may have seen the headlines saying mortgage rates have climbed to the highest point since January 2025. And if that’s left you reluctant to buy a home, here’s what you need to remember… 

That’s not necessarily the number you’d get. 

It’s a common misconception that the rate you see in the headlines is the same one you’d get when you buy. The truth is, mortgage rates shift often, and the rate you actually end up with can vary a lot from what you may see or hear about. 

What Determines Your Real Rate? 

Advertised rates and “real rates” aren’t always the same. That’s because real rates are based on your specific situation, which includes your overall finances and goals. The rates you see in the headlines can’t possibly reflect that. 

That’s why only a lender can tell you what your real rate will be. To figure out your unique number, they’ll look at:

  • Your credit score: Your credit score includes your payment history (if you’ve made late payments – and how often), credit utilization (are your accounts maxed out, or do you have available credit?), and the length of your credit history (how long have your accounts been open?). For example, someone with an exceptional credit score may qualify for a better rate.

  • Your debt-to-income ratio (DTI): This is calculated by dividing your monthly debt payments by your monthly income before taxes to come up with a percentage. The higher your DTI, the higher your rate could be.

  • The down payment size and Loan-to-Value (LTV): Your down payment is the percentage of the home’s price you will put down. The LTV is the percentage of a home’s sales price that equals your mortgage. 

  • The type and term of loan program options: Your loan officer will walk you through different loan options based on what you qualify for. Mortgage rates can vary between different loan products and programs. 

Even after you find a home you love, other things can have an impact too. For example:

  • A mortgage rate buydown: This helps you get a lower mortgage rate, and by extension, a lower monthly payment, by paying an upfront cost. Sometimes a seller, builder, or another party may even offer to cover that cost themselves as an incentive for you to buy.

  • Seller concessions: Sellers are allowed to pay buyer closing costs according to most loan program guidelines. Seller-paid closing costs can add up to thousands of dollars, which can free up some cash for you to increase your down payment, pay down debt, or make other financial adjustments to try to get a better rate. 

There’s a lot that can ultimately have an impact on your actual rate. 

Your First Step? Getting Pre-Approved.

If you want to know if your number could be higher or lower than the headlines on social, you need to talk to an expert. A simple conversation with a loan officer can help you determine when you’ll be ready to buy, how much you can borrow, and of course, what your real rate will be. 

Your lender may recommend a pre-qualification and pre-approval:

  • Pre-qualification is a general estimate of what you might be able to borrow based on self-reported information. 

  • On the flip side, pre-approval is actually a conditional commitment from a lender based on verified information. 

Just know that, of the two, the pre-approval process gives you a more accurate picture of your options than pre-qualification. Bankrate gives a quick comparison so you can see why:

a blue and white chart with white text

How To Get Ready for the Conversation

Ask your lender what documents you’ll need to gather for that conversation. And keep these questions in your pocket too. They’re good things to go over when you talk: 

  • What will I gain or lose by waiting to buy a home for 3, 6, or 12 months? 

  • Will I get any tax advantages by buying a home – and what are they? 

  • What’s the benefit of buying a home and starting to build equity now versus waiting? And how does that impact my finances in the long run?

  • How will rate changes in either direction affect me?

Once you find out your rate, maybe you can buy now. Or maybe you still need to wait. But at least you’d know your options and can make an informed decision.  

Bottom Line

Headlines and social media make today’s rates sound high. But you have to remember, the rate you’re seeing online and your actual rate could be different. The only way to know what your rate could be is to talk to a trusted lender. 

With the right help, you can find out what your real rate is – and where it can take you.


#fidelityhomegroup, #floridamortgage, #floridamortgagerates, #mortgageflorida

Your dream Florida condo just got flagged by every major lender. Here is who actually says yes. A non-warrantable condo is a unit or project that does not meet Fannie Mae and Freddie Mac eligibility criteria. When that happens, most lenders walk away and treat the deal as too high risk. A condo can be labeled non-warrantable for reasons like: New construction still selling out Owners lacking control over the HOA An underinsured master insurance policy Low HOA reserves A high percentage of non-owner-occupied units Short-term rentals allowed in the building A single entity owning more than 10% of the units Ongoing litigation involving the owner or developer Any one of these can stop a standard

Written by Fidelity Home Group Syndicated User on . Posted in Florida Mortgage, Florida Mortgage Rates, Mortgage Florida.

Your dream Florida condo just got flagged by every major lender. Here is who actually says yes. A non-warrantable condo is a unit or project that does not meet Fannie Mae and Freddie Mac eligibility criteria. When that happens, most lenders walk away and treat the deal as too high risk. A condo can be labeled non-warrantable for reasons like: New construction still selling out Owners lacking control over the HOA An underinsured master insurance policy Low HOA reserves A high percentage of non-owner-occupied units Short-term rentals allowed in the building A single entity owning more than 10% of the units Ongoing litigation involving the owner or developer Any one of these can stop a standard mortgage cold. That does not mean the condo is unfinanceable. It means you need a lender who works these files every day. That is what we do. Non-warrantable condo loans are hard to find in Florida because most lenders do not offer them. We do, and we know how to turn a flagged unit into a closed loan. Have a condo that traditional lenders rejected? Call us 7 days a week at 407-955-4575. ? Link in bio ? original sound – Fidelity Home Group® – undefined

#fidelityhomegroup, #floridamortgage, #floridamortgagerates, floridamortgagecalculator