Condo Financing Specialists
If you’re looking for all types of condo financing in Texas, you’ve come to the right place! Over the past decade, Barton Creek Lending Group has built a solid reputation surrounding the ever changing condo financing market. Recently, it has become increasingly difficult to obtain condo financing on certain projects. This is due to the ultra conservative condo financing guidelines placed upon lenders by Fannie Mae and Freddie Mac.
In order for a condo loan to be approved by a typical lender or bank, the condo project must be considered “Warrantable” per Fannie Mae and/or Freddie Mac requirements. In order for a project to be considered Warrantable, it must meet a laundry list of criteria, some of which simply is unrealistic in today’s lending and real estate environment. Since these criteria have become increasingly difficult to meet in recent years, most new and many existing condo projects have fallen out of favorable status with Fannie and Freddie and are considered “Non-Warrantable”.
Barton Creek Lending Group can offer financing programs for both Warrantable and Non-Warrantable condo projects. We have built solid broker relationships with several institutions ready and willing to lend on any condominium, regardless of its current status with Fannie or Freddie.
So whether you are in Austin, Dallas, Houston, San Antonio, or anywhere in between, we’ve got all of your condo financing needs taken care. Just give us a call!