Property Type · Florida
Condo Buyer in Florida
Buying a condo in Florida? We handle Florida's Milestone/SIRS reviews and complex HOA budgets so your loan closes on time.
Common challenges we solve
- Non-warrantable condo issues
- Florida SIRS / structural reserve compliance
- High HOA dues affecting DTI
What you get with Lumos
Non-warrantable condo programs
Dedicated condo questionnaire support
Low down payment options on warrantable units
What's different in Florida
Florida law requires milestone structural inspections for condo buildings three stories or taller and structural integrity reserve studies (SIRS), with associations required to fund those reserves. Buildings with unfunded reserves or pending special assessments may be ineligible for conventional financing, so we request the condo questionnaire and budget early.
Loan programs that typically fit
Frequently asked
- What is a non-warrantable condo?
- A condo that doesn't meet Fannie/Freddie standards — we have specialty lenders for them.
- Does Florida SIRS hurt my loan?
- Only if the building's reserves are deficient. We screen the project upfront.
Related pages
Get qualified in 60 seconds →Local guide: Condo Loans in Brickell, FLLocal guide: Condo Loans in Aventura, FLCondo Buyer in TexasLLC Purchase (Investment) in FloridaShort-Term Rental (Airbnb / VRBO) in FloridaLong-Term Rental Investor in FloridaMiami, Florida Mortgage BrokerCoral Gables, Florida Mortgage BrokerDoral, Florida Mortgage Broker
