Condo Limited Review Mortgage Loan

 A Limited Apartment suite survey is a streamlined program offered by Mae and Mac for loans delegated as lower risk. Apartment suites ensured under the Limited Audit program will undoubtedly be avowed than those submitted under the Full Survey program. In South Florida for instance, under 10% of credits submitted for full apartment suite survey will get condominium underwriting. 

Accordingly, experienced borrowers regularly choose a Limited Audit Townhouse Credit. Streamlined condominium reviews ask for less accreditation and have simpler rules than full survey supports.

Various moneylenders have extra necessities well past what Mae and Mac anticipate. Followed by the cardinal essentials an endeavor must meet to get a Limited Audit Endorsement, HOA General Risk Protection Inclusion of at any rate 1MM required, Constancy Assurance required for adventures in excess of 20 units, Flood Security required as set by flood zone and Claims including fundamental case are not permitted (with the exception of if the case is over the fixes effectively cultivated).

WHY THE VANGUARD MORTGAGE?

DIRECT LENDER

Direct Hard Money Lender. No broker fees. Best rates in Florida

DIRECT UNDERWRITER

Set guidelines and a streamlined underwriting process make closings happen swiftly. As fast as 48 hours

PROFESSIONALISM

The Vanguard Mortgage is a new company but all our members of staff are seasoned professionals

WHOLESALE RATES

Correspondent lending gives us the ability to bring wholesale rates to the consumer

3 EASY STEPS
TO GET YOUR MORTGAGE

Prequalification

Start with some basic info about your assets, credit profile, income. As a result – amount to borrow and the rate

Application

More detailed info. Creation of a secure profile, track your mortgage application and upload required documents

Funding

Final stage of the mortgage process when all underwriting conditions are met, mortgage loan transaction is closed and funds are disbursed

CALCULATE YOUR MORTGAGE

SOME FEATURES YOU MIGHT LOVE:

Privacy

We do not share information with any third party companies or resellers.

Quick Turnaround

We built technology that helps expedite the review of your loan documentation. This leads to faster closings and a better overall experience for our clients.

Credit score under control

Application process does not affect your credit score.

Online

You can allpy online, upload required dociments, schedule a conversation with a mortgage loan originator here. Everything at one place.

Transparency

Our technology ensures that you are kept up-to-date on the status of your loan application at all times. You will have secure access to your loan documentation throughout the process.

SOME QUESTIONS LEFT?

Condo Limited Review Loan

© 2019 The Vanguard Mortgage LLC

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