Call (305)271-9349 Point Mortgage: Florida Condo Loan and Miami Condo Loan Specialists

Florida Condos

Condo Mortgage Loan

Shopping for the perfect condo? Point Mortgage has a condo mortgage that is right for you.                

Many people enjoy owning a Florida condominium rather having a house or renting an apartment. Reduced maintenance, community amenities or a popular vacation destination are just some of the benefits of condo living. With our Minimum Down Payment requirement, PMC makes obtaining a condo mortgage easier than ever before.

       • Smaller floor plans available for those who don’t need a lot of space

       • Desirable city location or popular vacation destination

       • More reasonable price compared to single family home

       • Community amenities such as pool and fitness center

       • Reduced maintenance

Point Mortgage can do a full condo association review and many times get the condo unit approved! If the Condo doesn't qualify for a full review, the project may qualify for a limited review.

What's A Limited Review?

A Limited Review is much easier to get approved because there are;

  • NO Condo Association Delinquent Dues Requirements!
  • NO Condo Questionnaire or Association Budget Review Required!

 Fannie Mae Limited Review Condo Financing Requirements

  • No litigation (Foreclosures are ok).
  • Developer has transferred control of the association to the individual unit owners.
  • The project must be 100% complete with no additional phases to be built.
  • At least 90% of the total units sold and close.
  • Must not be a resort condominium or condo-tel.
  • No one entity can own more than 10% of the units.
  • Commercial Space can’t exceed 20% of the total project.    

 We offer Financing for the entire state of Florida and the following cities:

        Miami Beach Condo Loans, Boca Raton Condo Loans, Ft. Lauderdale Condo financing,

        Naples Condominium and Condo Loan, Mortgages  on Condos in Aventura,  Mortgages on Miami Condominiums