If it's a property, we probably lend on it.
Manufactured, condotel, barndominiums, vacant land, and non-warrantable condos.
Unusual Property Types.
Most lenders underwrite single-family stick-built homes and call it a day. We also finance the properties that don't fit the usual mold, manufactured homes, condotels, barndominiums, vacant land, and non-warrantable condos. If you've been told 'no' by another lender because of the property type, ask us first.
- ✓Buyers of manufactured or modular homes
- ✓Condo buyers where HOAs don't pass warrantability
- ✓Barndo or unique custom-property buyers
- ✓Buyers of vacant land or building lots
Unusual properties often require specialized appraisers. We coordinate that so the timeline doesn't slip.
LTV, rate, and reserve requirements vary by property type. We'll model the specifics up front so there are no surprises.
Questions we get about unusual property types.
Can I finance a barndominium?
Yes. We have programs for barndos, barn-to-home conversions, new builds, and existing structures. Appraisal comps are the main variable.
What's a non-warrantable condo?
A condo whose HOA or building doesn't meet Fannie/Freddie's standards for insurance, owner-occupancy ratio, delinquency, or commercial space. Standard lenders won't touch them. We have programs that do.
Start a unusual property types pre-approval.
Apply with either LO, both handle it.