Financing Built For Condominiums.
Loans from $150,000 to $3.5 Million on warrantable condominiums, for a primary residence, second home, or investment property.
Warrantable projects, straightforward terms.
However the project is structured, there’s likely a path that fits.
- Loans from $150,000 to $3.5 Million
- Warrantable condominium projects
- Condo buyers and owners
- Purchase or refinance primary, second, and investment condos
- Purchase, rate-and-term refinance, and cash-out available
- Fixed and adjustable rate options
- Financing to 85% of value on a warrantable project*
Loans from $150,000 to $3.5 Million
Warrantable condominium projects
Primary, second home, or investment property
Rental income financing on investment condominiums
Purchase, rate-and-term refinance, or cash-out
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton Condominium Loan?
A loan for buyers and owners of warrantable condominiums
The Saxton Condominium Loan finances units in warrantable condominium projects, on a primary residence, second home, or investment property.
Loans run from $150,000 to $3.5 Million, generally starting around a 660 credit score. Rental income financing on an investment condominium runs from $100,000 to $3 Million.
Use it to purchase a condominium, refinance your current mortgage, or take cash out of your equity. Non-warrantable projects and cooperatives are financed under separate Saxton programs.
Why choose the Saxton Condominium Loan?
Built for buyers and owners of condominiums in warrantable projects.
First Condo Purchase
Buy into a warrantable project with financing built for the property type.
Downsizing To A Condo
Trade a house and its upkeep for a unit that takes care of itself.
Second Home Condos
Finance a condominium you use part of the year.
Investment Condos
Rent out a condominium and qualify on the income it produces.
Equity In Your Condo
Access equity in a condominium you already own.
Warrantable Projects
Projects that meet agency requirements for reserves, owner occupancy and litigation qualify here.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about financing a condominium.
A warrantable project meets standard secondary market requirements around owner occupancy, budget reserves, investor concentration, and litigation. A licensed loan officer can review your project.
Loans run from $150,000 to $3.5 Million on this program. Rental income financing on an investment condominium runs from $100,000 to $3 Million.
Yes. Investment condominiums can be financed with standard documentation or on the rental income the unit produces.
Non-warrantable projects are financed under a separate Saxton program with its own requirements.
This program generally starts around a 660 credit score.
Yes. Cash-out refinancing is available, with limits that vary based on the equity remaining in the property.
Cooperatives are financed under a separate Saxton program. Most rental income programs do not accept them, though at least one lists cooperatives among its eligible property types.
Find out what you qualify for
Whether you’re buying a condo or refinancing the one you own, there’s likely a Saxton Condominium Loan option that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- Consumer Financial Protection Bureau, buying a house: tools and resources for homebuyers
- Consumer Financial Protection Bureau, mortgages
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.