Third Coast Bank offers multiple condo loan options

 

Warrantable

Warrantable means all units and common areas are complete and not subject to additional phasing, unit owners control HOA, and at least 90% of units have been conveyed to the purchases other than developer.

•Down payments as low as 10%

•Available for purchase or refinance

•Smartmove refinance option available

Non-warrantable

Non-warrantable means new projects not 100% complete, builder controlled HOA, or over 25% of total building square footage is commercial use. PMI is normally not obtainable which requires a larger down payment.

•15-20% down payment or equity

•20- and 15-year fixed rate options

•10/6, 10/1, 7/6, 7/1, and 5/6 ARM options