Miami condo financing — because here, the building gets underwritten too.

Because two borrowers get underwritten: you and the building. Lenders review the HOA's budget, reserves, insurance, litigation, and renter percentage — and Miami buildings fail those tests more often than anywhere in the country. The fix is knowing the building's status before you contract, and matching it to the right program from day one.

Common triggers: active litigation, more than allowed commercial space, heavy investor concentration, one entity owning too many units, a developer still controlling the HOA, inadequate reserves, or a new project without agency approval. In Miami these are everyday conditions, not edge cases — which is why non-warrantable programs matter here.

Yes. Non-QM condo programs accept non-warrantable buildings — including litigation, up to 100% investor concentration, and new projects in presale — under current guidelines, typically with about 20% down for a primary residence and lower leverage for investment deals.

Two ways: your HOA dues count in your qualifying payment, so a $400 jump in dues directly cuts your budget; and a large special assessment can affect the building's approval itself. I pull the budget and assessment history before you commit — in Miami, that document tells you more than the listing photos.

Sometimes. Vacation-rental-style condo projects have case-by-case paths on top program tiers, but true condo-hotels with front-desk operations are generally not financeable with residential mortgages. If the building runs like a hotel, plan on different money — ask me before you contract.

Sí, en muchos casos — litigios, muchos inversionistas, o edificios nuevos sin aprobación de las agencias tienen programas dedicados, generalmente con alrededor de 20% de entrada. Lo importante es revisar el edificio antes de firmar el contrato. Envíeme la dirección y le digo qué camino tiene.