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Rates subject to change without notice
Conforming Loan amounts up to $726,200 | FHA Loan Limits are specific to each Florida County
Check to See Florida FHA loan limits here
Orlando Condo Mortgage Programs
Fidelity Home Group is here to help you find the right condo mortgage for the condo development that best fits you—whether you’re just starting out, or adding a second home or another investment condo to your portfolio. With free pre-approvals, you can search for your new home knowing all of your options, and our selection of specialty loan programs and in-house mortgage experts means your condo loan is personalized to your individual needs and budget.
Fidelity Home Group offers mortgages for condo properties that do not qualify under today’s traditional conforming mortgage guidelines [ Warrantable ]. These mortgages are unique for Non-Warrantable, Co-op and Condotel condo property types. The mortgages are for these condo developments are commonly utilized as second homes or investment properties and require a larger down payment.
Warrantable condos allow the homebuyer to finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and Freddie Mac. Our Mortgage Experts can check to see if your condo development is currently available for a conventional mortgage.
The Debt Service Coverage Ratio [ DSCR ] uses the ratio of the condo unit’s annual net operating income and its annual mortgage debt, including principal and interest. We use the DSCR to analyze how much of a loan can be supported by the income coming from the property as well as to determine how much income coverage there will be at a specific loan amount. The DSCR Program is only available for Investment Properties only.
Our New Construction Programs is a one-close construction loan:
Conforming mortgages are ideal for borrowers with good or excellent credit. They follow fairly conservative guidelines for:
Federal Housing Administration mortgages are great first-time home buyers! FHA Mortgage have flexible lending standards to benefit:
Jumbo mortgages are home loans that exceed conforming loan limits. A jumbo loan is one way to buy a high-priced or luxury condo:
Our renovation remodeling loans allow you to roll the costs of repairs or upgrades. Benefits include:
Because the VA guarantees a portion of your loan, you won’t need to pay mortgage insurance:
Thinking of buying an additional property for a new source of income? Consider an investment home with the option of long or short terms rental income:
Buying a second home or vacation home is a dream for many Americans. It is occupied by the owner some portion of the year and is a good decision for retirement: