Resort Condo Financing in Alabama and Florida

Types of Condos

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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 


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Southchase Mortgage

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

(251) 625-0444