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Financed loan for a Condo purchase
Needed 100% financed loan for a Condo purchase
I was approved in July for a 100% financed loan for a condo conversion.Not sold are 50% of the units in this condo conversion, so I was placed into escrow some time ago (extension). This lender requires 50% of the units to have sold prior to funding the loan.
Well due to the length of time it has been, and the volatile mortgage market, I am now not qualified for 100% from this lender. They say I will now need to put down at least 10%. The property is 335K.
My Question now is this: Is there any lender out there that WILL APPROVE 100% financing for a condo conversion? My Fico scores are: 636, 622, 605
Thanks in advance for all your help!
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