Financing a Non-Warrantable Condo [DSCR Loan Options]

Financing a Non-Warrantable Condo [DSCR Loan Options]

Hi Beau,
I am in contract for a condo unit. I was preapproved for a loan but when the lender found out it was a non-warrantable condo, they said they couldn't do the loan and they rescinded the preapproval.

Can you explain to me if there are any financing options?

I was buying this as a short-term rental investment property.

Thanks,
Kevin

Timestamps
[00:28] What does non-warrantable condo mean?
[00:44] Reasons why it would be considered a non-warrantable condo
[01:25] There are non-QM lenders that do DSCR loans that you can get finance
[01:31] Condo versus a single-family home
[02:00] Are non-warrantable condominiums financeable?
[02:11] Make sure that a condo is warrantable
[02:40] There are lenders that do a rental survey and can figure out if it’s a short-term rental or long-term rental
[03:07] Book a call at https://investorfinancingpodcast.com/rumble

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#dscr #dscrloans #buyingacondo

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

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