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What properties will you NOT lend on?

What properties will you NOT lend on? Jordan Brewer

We will NOT lend on the following properties:

  1. A commercial property.

  2. A rural property.

  3. A property with more than 4 units.

  4. A manufactured or a mobile home.

  5. A property that is occupied at closing.

  6. Recreational properties, such as vacation homes or cabins.

  7. Properties with methamphetamine use or manufacture unless there has been plans made for professional remediation.

  8. Properties with significant mold issues unless there has been plans made for professional remediation.

  9. Properties less than 2 bedrooms and 1 bathroom.

  10. Properties with foundation or roof truss problems unless reports and repair plans have been provided by an industry expert.

  11. Properties with wells as the only source of water.

  12. Adding new exterior walls or adding to the property foot print.

For more information on deal killers, layered risk and compensating factors for a property, click here. Then go to the 'Risk Analysis' tab of the ADA.

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