Buying a Condo in Sunny Isles
Navigate the luxury condo market in Sunny Isles Beach with expert mortgage financing tailored for residents and foreign investors.
Financing a Luxury Condo in Sunny Isles
Sunny Isles Beach is known as the "Florida Riviera," attracting buyers from all over the world to its stunning high-rise oceanfront condominiums. Financing a condo here requires specialized knowledge, as many buildings have unique requirements, HOA structures, and warrantability statuses.
Primary Residences
Secure competitive rates for your primary home in Sunny Isles with Conventional and Jumbo condo programs.
Foreign Nationals
Specialized programs for non-US residents. No US credit score or Social Security Number required.
Investors (DSCR)
Purchase rental condos using projected rental income (DSCR) instead of your personal tax returns.
Condo Warrantability: What You Need to Know
When buying a condo in Florida, the building itself must be approved by lenders. This is known as "warrantability." A building is evaluated based on:
- The percentage of units that are owner-occupied vs. rented.
- The financial health and reserves of the Homeowners Association (HOA).
- Whether any single entity owns too many units in the building.
- Pending litigation against the HOA.
Non-Warrantable Condos: Many luxury high-rises in Sunny Isles are considered "non-warrantable." Standard banks often reject these loans, but we have specialized portfolio lenders who finance non-warrantable condos with ease.