Loans on Oceanfront Condos?
have received several inquires recently regarding the availability of financing options for OceanFront Condominiums. The truth of the matter is that in the current mortgage climate a lot of banks are either tightening their guidelines in regards to Ocean Front Condos or simply discontinuing the financing altogether.
WR Starkey Mortgage still has a healthy appetite for these properties. Because of the recent fallout of interested Mortgage Investors, we have closed more Ocean Front Condos than we ever have. In fact, we have closed dozens of loans recently that agents considered “dead deals.” If you have a transaction that has come to a halt because the financing has failed, please allow us to take a look at it.
We are committed to getting these transactions closed quickly for you and earning your business. We will accept occupying borrowers as well as those folks purchasing a second home. In most cases, we only require a 5% down payment. We are originating, underwriting, and closing these loans in-house. Ask around in your next sales meeting, you may be surprised to find out how many loans have recently closed with WR Starkey Mortgage. Thanks for your time and your continued business.
Regards,
Mike Hogue, Senior Loan Officer
Contact Jake Lee 843-240-0431 to start searching for your oceanfront condo in South Carolina today!! www.SCRealEstatePartners.com