You’ve found the Fields Brothers home of your dreams. Now what? Securing financing is the next step toward your home purchase.
Not to worry, we have a list of preferred lenders we’ve worked with over the years. They have impressed us with the time they’ve invested in improving the lending and home buying experience so you have peace of mind. The best part about working with these lenders is that they offer incentives to Fields Brothers home buyers.
Safe and secure
Affordability in the best locations
Fannie Mae and Freddie Mac are the largest purchasers of loans on the secondary market.
Many lenders do not hold the loans they originate and instead sell them to Fannie and Freddie. Because of this, we make sure our condo association documents, condo projects, and all other requirements meet Fannie and Freddie guidelines. There are also specific Fannie Mae and Freddie Mac requirements lenders must comply with to provide financing on condos and not all banks/lenders can meet these requirements. Our preferred lenders all meet these requirements to make your financing stress free.
Fannie/Freddie designate condo projects as "warrantable" or “non-warrantable.” This requirement is based on the stage of the specific development and is not related to the builder’s construction warranty. Every home includes a Fields Brothers Homes warranty which we stand behind proudly. Lenders consider all new-build condos to be “non-warrantable” until the project guidelines and multiple homes are under contract. It is possible your unit may not be "warrantable" by the time you close. Our preferred lenders can get you closed and lend on "warrantable" and "non-warrantable" condos.
Can you lend on condos?
Can you close if I am the first person to close in the condo association?
If the condos are non-warrantable, can you still do the loan?
Please keep this information in mind while choosing your lender and remember to instruct your lender to contact your Fields Brothers Homes sales representative as soon as possible.