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 Search for: Condo that is under 51% Owner Occupied.
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Brianquigley

2471 Posts

Posted - 08/11/2009 :  1:48:17 PM
Anyone know where I can get this done?
10% down
purchase
under 51% is owned owner occupied
condo
700 fico
COLORADO
Low RIse Condo
Full DOC
Kenneth Fedak

520 Posts

Posted - 08/11/2009 :  1:52:16 PM
I cannot remember the exact o/o requirements with US Bank, however; they are a porfolio lender and "may" do this.
RCJFC888

205 Posts

Posted - 08/11/2009 :  3:57:41 PM
I asked US Bank last week about the same question, they atually are asking for 71% occupancy now. I am also looking for condo financing with less than 51% occupancy if you find any please post them.
cbcoop

436 Posts

Posted - 08/11/2009 :  4:30:54 PM
Citi is a bit more flexible but you have to get the whole condo project approved with them.

Is this a new condo project. If so you will have a better chance.
the_mortgage_guy

3209 Posts

Posted - 08/11/2009 :  5:24:00 PM
US BANK requires 60%
Brianquigley

2471 Posts

Posted - 08/11/2009 :  6:36:56 PM
thanks everyone for the quick responses
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