Property Type · Texas
Condo Buyer in Texas
Buying a condo in Texas? 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 Texas
Texas condos are governed by the Texas Uniform Condominium Act, and lenders still review the association's budget, reserves, insurance and litigation. Texas has no state income tax, but property tax rates are among the higher ones in the country, and newer subdivisions often add MUD or PID assessments — all of which count toward your monthly debt-to-income ratio.
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.
