Who writes it
Korbin Spangenthal is a Vice President at West Capital Lending, Inc., a licensed mortgage loan originator (NMLS #2079029) and a licensed real estate agent, based in Fort Lauderdale. South Florida and the Gulf Coast have more condominiums on lenders' do-not-lend lists than almost anywhere in the country, and a large part of his work is the conversation that starts after someone has been declined: which trait the building has, which lenders accept it, and what they will need to see.
Because he also holds a real estate license, he works the problem from both sides of the transaction — for buyers who need a loan, and for listing agents and sellers whose buyers keep losing theirs.
What West Capital Lending is
West Capital Lending, Inc. (NMLS #1566096, DRE #02022356) is a licensed mortgage brokerage based in Irvine, California. As a broker it can place a loan with whichever of its lending partners has guidelines that fit the building and the borrower, rather than offering one institution's products. That matters more for condos than for almost any other property type, because building rules vary so much from lender to lender.
Why this site exists
Buyers and owners in non-warrantable buildings usually hear one word — no — with little explanation of why, or of where else to go. This site explains the rules in plain language, dates every page, cites the public guidelines and statutes behind each rule, and says clearly where the limits are. It is a marketing website for a licensed originator; it is not a lender.
How pages are kept accurate
- Agency rules and Florida statutes are quoted from primary sources — the Fannie Mae Selling Guide and Lender Letters, Freddie Mac bulletins, HUD, and the Florida Statutes — and each page lists what it relies on.
- Program terms are never published. Rates, down payments, credit standards and reserves differ by lender and change often. Printing one would mislead half the readers.
- Limits are stated honestly. Unfinished safety repairs stop most lenders, and the pages say so.
- Every page shows the month it was last reviewed.
Verify the license
Search NMLS #2079029 at NMLS Consumer Access for Korbin's licensing by state, and NMLS #1566096 for West Capital Lending. Client reviews are public at experience.com/reviews/korbin.
Related sites
Korbin publishes three other sites, each on one situation: QualifyOnRent.com on rental-property loans qualified on the rent, HELOCforSelfEmployed.com on a bank-statement home equity line, and BridgeMyHELOC.com on a home equity line for a home that is listed for sale.
Common questions
Is this site a lender?
No. It is a marketing website operated by Korbin Spangenthal for West Capital Lending, Inc., a licensed mortgage brokerage. Loans are funded by its lending partners.
Is this site affiliated with Fannie Mae or Freddie Mac?
No. It explains their public condominium rules; neither agency is affiliated with it or endorses it.
Where is Korbin licensed?
In 30 states, listed in the footer of every page and verifiable on NMLS Consumer Access.