Not every property fits neatly into the usual mortgage box. Unique properties—like luxury homes, condotels, or multi-unit rentals—often don’t qualify for traditional funding.
At LendSure, we specialize in expanded property-type loans made for these situations. Here’s how our programs help your clients get the financing they need for the property they want.
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Condotel Loans
Condotels blend condo ownership with hotel amenities, offering both rental income and personal vacation use. But, due to shared rental structures and association rules, condotels often don’t meet conforming mortgage standards.
LendSure’s Condotel loan program is designed to work with these properties, offering flexible financing options and attractive LTVs, making it a popular choice in vacation hotspots like Miami, Los Angeles, and ski towns.
LendSure’s Condotel Loan Program Highlights:
- Up to 75% LTV for Purchases
- Up to 70% LTV for Rate/Term Refinances
- Up to 65% LTV for Cash-Out Refinances with a minimum FICO score of 740
- Minimum FICO score of 680 (exceptions possible)
- Minimum unit size of 600 sq. ft. with a full kitchen required
For condotel owners who want the freedom to earn rental income and enjoy the property, this loan offers a great balance of flexibility and convenience.
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Non-Warrantable Condo Loans
Non-warrantable condos don’t meet Fannie Mae or Freddie Mac guidelines due to factors like high investor concentration, incomplete development, or specific HOA rules. These condos are often found in high-demand urban areas, which makes them attractive investments.
LendSure’s Non-Warrantable Condo loans provide a way to finance condos in major cities even when conventional lenders turn them down.
Non-Warrantable Condo Features:
- Requires membership (e.g., golf or country club)
- Operates as a hotel or condotel
- Pending litigation within the HOA
- Single ownership of more than two units in smaller developments or over 20% ownership in larger projects
- More than 15% of HOA dues are over 60 days delinquent
LendSure’s Non-Warrantable Condo Loan Program Highlights:
- Up to 50% commercial space permitted
- New construction buildings permitted
- Allowed on DSCR / Investor Cash Flow Program
- Industry-leading Foreign National Program
- Industry-leading Bank Statement Program
- – LendSure will calculate the income for you and provide an extensive, common-sense pre-qual typically within 24 hours
- Purchase, Rate & Term Refi and Cash-Out Refinance available
- LTV as high as 80%
- Loan amounts as high as $3,000,000
By adding this expanded property type loan to your toolkit, you can help clients secure financing for condos in major cities—opening doors where conventional loans may fall short.
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DSCR Loans for Multi-Unit Properties
Multi-unit properties with 5–10 units can be challenging to finance, especially for investors who prefer streamlined qualification. LendSure’s DSCR loan program focuses on rental income rather than the borrower’s personal income, making it ideal for clients looking to build their investment portfolio.
LendSure’s DSCR Loan Program Highlights for 5–10 Unit Properties:
- Loan amounts up to $2 million
- Cash-out options up to $500,000
- Up to 75% LTV for Purchase and Rate/Term Refinance; up to 60% LTV for Cash-Out Refi
- Credit scores as low as 700
DSCR loans are also available to foreign nationals, making them a good option for both U.S.-based and international investors building a portfolio in high-demand rental markets.
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Jumbo Loans
For high-value properties that exceed conforming loan limits, LendSure’s Jumbo loan program provides flexibility for clients purchasing luxury homes or investment properties in premium markets. With loan amounts up to $3 million, this program offers options for clients needing larger-scale financing.
Jumbo Loan Program Highlights:
- Financing for primary residences, vacation homes, and investment properties
- Up to 90% LTV for loan amounts as high as $1,000,000
- Up to 80% LTV for loan amounts as high as $1,500,000
- Up to 75% LTV for loan amounts as high as $2,000,000
- 30-Year Fixed or 5/1 ARM with 10-Year Interest-Only with 40-Year Term options
- 12- and 24-Month Bank Statement programs with P&L statements NOT required
- Highly competitive rates
- Industry-leading funding times
- As little as 48 months’ seasoning for foreclosure, short sale, or loan modification
- Up to $1,000,000 cash out – Cash out may be used as reserves
Plus, we provide extensive, common-sense pre-qualification, usually within 24 hours, so you can say “yes” to your borrowers with confidence.
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BOOST Bridge Loans
The ability to make non-contingent offers can make all the difference when buying a new home. LendSure’s BOOST Bridge loan program helps clients secure their next property before their current one is sold, covering the down payment and eliminating the worry of juggling two mortgage payments. With no monthly payments required on the bridge loan for up to 12 months, BOOST makes it easy to transition smoothly to a new home.
Benefits of Choosing BOOST:
- No DTI Concerns: BOOST refinances existing liens without impacting the debt-to-income ratio for the new purchase.
- No Monthly Payments: Borrowers can defer payments on the bridge loan for up to 12 months, unlike traditional bridge financing options.
- Stronger Offers: With BOOST, clients can make a competitive, non-contingent offer, improving their chances of securing the property they want.
Whether it’s getting extra funds to prepare their current home for sale or simply easing the transition into a new one, BOOST provides clients with the flexibility and peace of mind they need to move forward.
Why Choose LendSure’s Expanded Property Type Loans
- Flexible Approval Process: LendSure’s approach considers alternative income sources and unique property features, helping more clients qualify for financing—even those with unconventional income structures or complex portfolios.
- Solutions for Unique Properties: LendSure offers programs for a wide range of property types, helping clients achieve their real estate goals without standard mortgage constraints.
- Support for Competitive Offers: With options that allow borrowers to look like cash buyers and financing tailored to fast-paced markets, LendSure’s programs provide a strategic edge, helping clients secure the properties they have their eyes on.
The LendSure Way
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers ratios, and data to consider, but we know that behind every file, there’s an individual with a unique circumstance seeking a loan. We work hard to offer our common-sense take on lending to borrowers seeking funding for the home of their dreams, another addition to their investment property portfolio, or refinancing of a currently-owned property.
Are you ready to benefit from a common-sense approach to lending? Contact us today to learn more about non-QM loans and how partnering with LendSure Mortgage Corp. can help grow your bottom line. Did you like our guide to Jumbo loans? Check out another blog on the subject.
