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Blissful Mortgage llc has multiply lenders for condo loans and refinancing. We offer fixed rates and arms to fit your needs. Rates have never been offered this low for condo's. Apply today for a purchase or refi. Do not wait.
30 Yr Fixed Rate
Blissful Mortgage Condo Specialist
The Myth About Condo Loans
The calls we get all the time are ( THE BANK TOLD US WE COULD GET FINANCING AND AFTER WEEKS OR MONTHS THEY TELL US THEY CAN NOT DO THE LOAN! CAN YOU HELP US? OUR CONTRACT IS ABOUT TO EXPIRE! ) Banks especially your home town banks do not know the complexity of Florida condos. From the beach to inland condos the variations can be complex and intimidating. From primary, second home, investment or business purpose loans you need a expert in the field of condo loans to guide you along the way. We also do not just have one place to get rates for you like banks. We have a multitude of nation-wide lenders specializing in condo financing to shop the very best in rates and programs for you. Call us first TOGETHER WE'LL CAPTURE YOUR LIFE'S BLISS
Condo loans Financing Destin, 30a, Miramar Beach, Santa Rosa beach, Panama City Beach, Florida, State of Florida
Condo Types
Warranted
Non Warranted
Non Warranted
Warrantable Condo – able to be sold to Fannie Mae/Freddie Mac
-No single entity owns more than 10% of the units in a project, including the developer
-at least 51% of the units are owner-occupied
-Fewer than 15% of the units are in arrears with their association dues
-There is no litigation in which the homeowner’s association is named
-Commer
Warrantable Condo – able to be sold to Fannie Mae/Freddie Mac
-No single entity owns more than 10% of the units in a project, including the developer
-at least 51% of the units are owner-occupied
-Fewer than 15% of the units are in arrears with their association dues
-There is no litigation in which the homeowner’s association is named
-Commercial space account for 35% or less of the total building square footage
-not defined as a condotel
Non Warranted
Non Warranted
Non Warranted
Non Warrantable Condos -
-Is in a development which has yet to be completed
-is in a development which allows for short term rentals
-Is in a development where one person or entity owns more than 10% of all units
-Is in a development where less than 50% of the occupants in a complex are the owners
-Is in a development involved in litigation o
Non Warrantable Condos -
-Is in a development which has yet to be completed
-is in a development which allows for short term rentals
-Is in a development where one person or entity owns more than 10% of all units
-Is in a development where less than 50% of the occupants in a complex are the owners
-Is in a development involved in litigation of any kind of regardless of whether the building is suing another party, or is the party being sued
-Is not defined as a condotel
Condotel
Non Warranted
Condotel
Condotel – could contain any of the following
-Has the word hotel, motel, resort or lodge in the name
-Condo project in which any of the unit owners or homeowner’s association is a party to a revenue-sharing agreement with either the developer or another third party entity
-Condo project where the unit is not the lessee’s residence
-Projects
Condotel – could contain any of the following
-Has the word hotel, motel, resort or lodge in the name
-Condo project in which any of the unit owners or homeowner’s association is a party to a revenue-sharing agreement with either the developer or another third party entity
-Condo project where the unit is not the lessee’s residence
-Projects that are managed and operated as a hotel or motel such as having maid service, check-in front desk, daily rentals, central phones , restaurants/spa on site, etc
Fast Track Limited Review Condo Loans
Warranted/Primary
Non-Warranted/Primary
Non-Warranted/Primary
As Low As 25% Down
Up To 75% LTV
15 Yr Fixed
20 Yr Fixed
30 Yr Fixed
****Short Term Rental Projects Ineligible
Non-Warranted/Primary
Non-Warranted/Primary
Non-Warranted/Primary
Not eligible for fast track limited review.
CondoTel
Non-Warranted/Primary
Second Home/Investment
Not eligible for fast track limited review.
Second Home/Investment
Second Home/Investment
Second Home/Investment
As Low As 30% Down
Up To 70% LTV
15 Yr Fixed
20 Yr Fixed
30 Yr Fixed
****Short Term Rental Projects Ineligible
Second Home/Investment
Second Home/Investment
Second Home/Investment
Not eligible for fast track limited review.
Limited Review
Second Home/Investment
Second Home/Investment
Not eligible for fast track limited review.
Loan Details Primary Home Condos
Down payments Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 3% - 5% Down
Up To 97% - 95% LTV
Down Payments Non-Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 10% Down
Up To 90% LTV
Down Payments Condotel
Down Payments Non-Warranted
Down Payments Condotel
As low As 20% Down
Up To 80% LTV
Loan Terms Warranted
Loan Terms Non-Warranted
Down Payments Condotel
30 yr Fixed
5/1 Arm
7/1 Arm
10/ Arm
Loan Terms Non-Warranted
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30yr Fixed
5/6, 7/6, 10/6 ARMs
Loan Terms Condotel
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30yr Fixed
5/6, 7/6, 10/6 ARMs
Loan Details Second Home Condos
Down Payments Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As low as 10% Down
Up To 90% LTV
****Short Term Rental Projects Ineligible
Down Payments Non-Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 20% Down
Up to 80% LTV
Down Payments Condotel
Down Payments Non-Warranted
Down Payments Condotel
As Low As 30% Down
Up to 70% LTV
Loan Terms Warranted
Loan Terms Non-Warranted
Down Payments Condotel
30 yr Fixed
5/1 Arm
7/1 Arm
10/ Arm
****Short Term Rental Projects Ineligible
Loan Terms Non-Warranted
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30 yr Fixed
30 yr Fixed Interest Only
5/6, 7/6, 10/6 ARMs
Loan Terms Condotel
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30 yr Fixed
30 yr Fixed Interest Only
5/6, 7/6, 10/6 ARMs
Loan Details Investment Condos
Down Payments Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 15% Down
Up To 85% LTV
****Short Term Rental Projects Ineligible
Down Payments Non-Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 20% Down
Up To 80% LTV
Down Payments Condotel
Down Payments Non-Warranted
Down Payments Condotel
As Low As 30% Down
Up To 70% LTV
Loan Terms Warranted
Loan Terms Non-Warranted
Down Payments Condotel
30 yr Fixed
5/1 Arm
7/1 Arm
10/ Arm
****Short Term Rental Projects Ineligible
Loan Terms Non-Warranted
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30 yr Fixed
30 yr Fixed Interest Only
5/6, 7/6, 10/6 ARMs
Loan Terms Condotel
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30 yr Fixed
30 yr Fixed Interest Only
5/6, 7/6, 10/6 ARMs
We offer DSCR also!!
Loan Details Business Purpose Condos ( No Income Doc )
Down Payments Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 25% Down
Up To 75% LTV
Down Payments Non-Warranted
Down Payments Non-Warranted
Down Payments Non-Warranted
As Low As 25% Down
Up To 75% LTV
Down Payments Condotel
Down Payments Non-Warranted
Down Payments Condotel
As Low As 25% Down
Up To 75% LTV
Loan Terms Warranted
Loan Terms Non-Warranted
Down Payments Condotel
30 yr Fixed
3/1 Arm
5/1 Arm
7/1 Arm
3/1 Arm Interest Only
5/1 Arm Interest Only
7/1 Arm Interest Only
Loan Terms Non-Warranted
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30 yr Fixed
3/1 Arm
5/1 Arm
7/1 Arm
3/1 Arm Interest Only
5/1 Arm Interest Only
7/1 Arm Interest Only
Loan Terms Condotel
Loan Terms Non-Warranted
Loan Terms Non-Warranted
30 yr Fixed
3/1 Arm
5/1 Arm
7/1 Arm
3/1 Arm Interest Only
5/1 Arm Interest Only
7/1 Arm Interest Only
Blissful Mortgage Team
Mortgage Broker Laura Osborn
Home, Condo, Investments loans and Manufactured Homes. FHA VA USDA CONVENTIONAL
(850)-250-2677 Ext 1 NMLS #17801
To Learn More About Home Loan Financing
We have a special loan department for home loans and special interest loans. To learn more hit learn more or visit our webpage https://blissfulmortgage.com we look forward to helping you.
Contact Us
Let us go to work for you.
Send us a message to find out more about how we can meet your loan needs. Tell us a little bit about your situation, and we will get back to you as soon as we can.
Blissful Mortgage LLC. NMLS#1668138
8730 Thomas Drive, Ste 1110 A Panama City, Florida 32408, United States
Condo Loans Financing Panama City Beach, Destin, 30A Miramar Fl.
Panama City Beach, Destin, 30A, Miramar, Santa Rosa Beach Fl.
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