Resort Condo Financing in Alabama and Florida

Types of Condos

Condo financing in Orange Beach, Gulf Shores, and Dauphin Island, Alabama.

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 Condo Financing Programs.


Warrantable Condos

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  • 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)

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  • 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 


We LOVE Rate Shoppers!

 Call 251-625-0444 now for a Free Rate Quote of Pre Approval  

Anytime- Nights, Weekends, or Holidays.  


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Stated Income for Self employed and 1099 Borrowers

Lenders understand that often Self Employed and 1099 Borrowers have difficulty showing their income

We have both Purchase and Refinance programs for ones with good  credit, money for a down payment, and verifiable reserves.

Loan Features

  • Minimum Credit Score 700
  • Loan amounts to $3MM
  • Up to 70% LTV
  • Purchase or Refinance
  • Unlimited Cash Out
  • Primary Residence or Second Home
  • No Tax Returns
  • 30 Year Fixed Rates
  • Single Family Residence or Condo

Contact Us

Drop us a line!

Southchase Mortgage

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

(251) 625-0444