Need nonqm condo with 55% owner concentration

Yes, non-QM loans are available for condos with 55% owner concentration, but eligibility depends on the lender and program.

Here’s a summary of the options across lenders:

Lender	Programs	Key Details
FundLoans	Montage Prime, Apex Prime, Spectrum+	Allows non-warrantable condos with LTV limits (e.g., 80% for purchase, 65% for cash-out).
A&D Mortgage	Super Prime, DSCR (No DTI)	Non-warrantable condos eligible with specific LTV/CLTV limits (e.g., 90% for owner-occupied).
Angel Oak	Investor Cash Flow, Portfolio Select	Non-warrantable condos eligible if they meet specific criteria (e.g., HOA certification).
Arc Home	Edge DSCR, Access DSCR	Non-warrantable condos eligible under specific programs.
Champions Funding	Activator – FULL & ALT-DOC, Ambassador Second Home	Non-warrantable condos eligible with LTV limits (e.g., 85% for warrantable, 80% for non-warrantable).
Change Wholesale	Alt Doc Prime, Community Mortgage	Non-warrantable condos eligible with specific LTV limits (e.g., 50% for Community Mortgage).
Deephaven	Expanded Prime, Non-Prime	Non-warrantable condos eligible with LTV limits (e.g., 80% for purchase).
NQM Funding	Flex Select, Super Jumbo	Non-warrantable condos eligible with LTV limits (e.g., 85% for purchase).
American Heritage Lending	Rising Star, Invest Star	Non-warrantable condos eligible with DSCR requirements.

Owner Concentration: A 55% owner concentration is generally acceptable for non-warrantable condos under these programs.
LTV Limits: Most programs impose LTV restrictions for non-warrantable condos (e.g., 80% for purchase, 65%-75% for cash-out).
Program-Specific Requirements: Some programs require HOA certification, financial stability, or other conditions for non-warrantable condos.

Would you like more details about a specific lender or program? Let me know!

Review the updated loan scenario and answer again.

Yes, non-QM loans are available for non-warrantable condos with 55% owner concentration in California for investment properties.

Here’s a summary of the options across lenders:

Lender	Programs	Max LTV (Purchase/Rate-Term)	Max LTV (Cash-Out)	Prepayment Penalty	Key Notes
FundLoans	Montage Prime, Apex Prime, Spectrum+	80%	65%-70%	1-5 years	Non-warrantable condos eligible; stricter LTV for cash-out.
A&D Mortgage	DSCR (No DTI), Super Prime	75%-80%	75%	1-5 years	Non-warrantable condos eligible; LTV varies by program and FICO.
Angel Oak	Investor Cash Flow	75%	65%-70%	1-5 years	Allows up to 100% investor concentration; HOA and insurance requirements apply.
Arc Home	Access DSCR, Edge DSCR	75%-80%	75%-80%	1-5 years	Non-warrantable condos eligible; investment properties only.
Champions Funding	Activator – FULL & ALT-DOC	80%	75%	1 year	Non-warrantable condos eligible; commercial space allowed up to 50%.
Deephaven	Expanded Prime, DSCR Program	75%-80%	75%-80%	1-5 years	Non-warrantable condos eligible; DSCR-based qualification for investment properties.
NQM Funding	Investor DSCR Program, Flex Select	80%-85%	75%	1-5 years	Non-warrantable condos eligible; DSCR and reserve requirements apply.
American Heritage Lending	Invest Star	75%	70%	1-5 years	Non-warrantable condos eligible; DSCR must be ≥ 1.00 and FICO ≥ 680.

Owner Concentration: A 55% owner concentration is acceptable for non-warrantable condos under these programs.
LTV Limits: Most programs cap LTV at 75%-80% for purchase and rate/term refinances, with stricter limits (65%-75%) for cash-out refinances.
Prepayment Penalties: Investment properties typically require prepayment penalties, ranging from 1 to 5 years.
Specific Requirements: Some programs impose additional conditions, such as HOA certification, DSCR thresholds, or minimum FICO scores.

Would you like more details about a specific lender or program? Let me know!