What this site is
FloridaNonWarrantable.com is an informational and marketing website operated by Korbin Spangenthal (NMLS #2079029) for West Capital Lending, Inc. (NMLS #1566096, DRE #02022356), a licensed mortgage brokerage. It is not a lender. Loans discussed here are offered through West Capital Lending's lending partners and are subject to their approval.
Not an offer, not advice
Nothing on this site is a commitment to lend, a loan approval, a rate quote, or an offer of credit. Content about Fannie Mae, Freddie Mac, FHA and VA requirements and about Florida law summarizes public sources as of the date shown and is not legal, tax or investment advice. Consult an attorney about association documents, disclosures or litigation.
The checklist is not a project review
The warrantability checklist organizes information you provide into general categories. It does not review any building, cannot determine whether a project is eligible for any loan program, and is not a lending decision. Eligibility is determined by a lender after reviewing the association's documents.
Program terms
Portfolio and non-QM programs for non-warrantable condominiums set their own guidelines for eligible projects, property types, occupancy, down payment, credit, reserves and pricing, and change them from time to time. Not all borrowers or buildings qualify. Loans for investment property may be business-purpose loans with different terms and disclosures.
Licensing
Korbin Spangenthal is licensed as a mortgage loan originator only in the states listed in the site footer. This site does not solicit business in any other state.
Third-party links and marks
Links to government, agency and news sites are provided for reference; those sites are not controlled by or affiliated with this one. Fannie Mae, Freddie Mac and other names are used only to identify the public rules being described.
Accuracy
Pages are reviewed and dated, but agency guidelines, statutes and lender programs change. Where this site differs from a lender's current guidelines or the law, the guidelines and the law govern.
Collateral
A mortgage on a condominium unit is secured by the unit. Failure to make payments could result in the loss of the property.
Contact
kspangenthal@westcapitallending.com · (949) 751-1870 · West Capital Lending, Inc., 17911 Von Karman Avenue, Suite 400, Irvine, CA 92614. Equal Housing Lender.