Matador Lending NMLS #2072896 · Licensed in TX, CA, GA, FL
Orlando, FL
Orlando and Tampa mortgages for visa holders and NRI buyers: condo project review, Florida insurance, and DSCR rentals. No invented premiums.
Loan officer Apurva Sanghavi, NMLS 227127. Company NMLS ID 2072896. NMLS Consumer Access
Orlando is in Orange County, with buyers also looking at Osceola and Seminole counties. Tampa is in Hillsborough County, with St. Petersburg across the bay in Pinellas County. We originate in Florida. The office is in Houston, so these files are handled remotely.
Florida is not one insurance market and not one condo market. A house inland and a condo near the water do not have the same hazard requirements.
This page does not quote rates, payments, taxes, or insurance. Those come from the lender, the tax office, the insurer, and the condo or homeowners association on a specific property.
Agency loans on condominiums need a project review. Lenders order a condo questionnaire covering reserves, insurance, commercial space, owner-occupancy, and any special assessments or litigation. A building can be ineligible even when the unit itself looks fine. Limited reviews and full reviews follow Fannie Mae and Freddie Mac project standards. If the project fails, a non-warrantable condo program is a different product with different down-payment rules. We will not tell you the building is approved until the lender says so.
Florida associations have faced large special assessments for structural repairs. An assessment that is unpaid, or a loan that will be taken out by the association, has to be disclosed. It can change whether the project is eligible.
Florida homeowners policies are priced by the insurer for that property. Wind coverage is a normal part of the conversation. If the property is in a FEMA Special Flood Hazard Area, flood insurance is generally required by the lender. The premium is on the insurance binder, not on this page.
A lender will not close without the coverage it requires. If a quote comes in higher than the contract assumed, the monthly payment changes. That is not a rate change.
A DSCR loan looks at the property's rent compared with the housing payment, instead of a U.S. paycheck. Some non-resident investors use that structure for a Florida rental. The lender still underwrites the condo or the house, the insurance, the reserves, and the source of the down payment.
We do not publish a DSCR ratio. Lenders set their own minimum. A long-term lease and a short-term rental are not documented the same way. If you are buying from India, the wire, the passport, and the entity that will hold title need to be decided before the contract's finance deadline.
If the property is in Florida, it is in a state where we originate. This page is about Orlando and Tampa because that is where readers asked for local detail. We do not claim a local office in either city.
No. An insurance agent quotes the policy. We need the binder so the lender can escrow it.