Resort Condos in Alabama and Florida

Types of Condos

There are basically two types of Condominiums here on the Alabama and Florida Gulf Coast.  Those that are deemed Warrantable by Fannie Mae/Freddie Mac, and those who do not meet Fannie/Freddie guidelines, which are referred to as Unwarrantable.  We carry loan programs for both types of condos, and offer both Purchase and Refinance Programs.


Warrantable Condos

  • Loan Amounts up to $3,000,000
  • LTV Up To 97% with No Monthly MI (Primary Residence)
  • LTV to 90% on Second Homes with No Monthly MI
  • LTV to 85% on Investment Property with No Monthly MI
  • Up to 85% Cash Out Refinance
  • ARMs or 30 Year Fixed Rates 


Unwarrantable Condos (Including CONDOTELS)

  • Loan Amounts Up To $3,000,000
  • LTV's Up To 85% on Primary Residence  with No Mi
  • LTV's Up To 80% on Second Homes, and Up to 80% on Investment Property
  • Interest Only Option
  • Up to 80% on Cash Out Refinance
  • ARMs or 30 Year Fixed Rates 


Contact Us

Drop us a line!

Southchase Mortgage

22394 Miflin Road, Suite 201A, Foley, Alabama 36535, United States

(251) 625-0444