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Condo ownership won’t allow conventional loan

Didn’t even know this was a thing.

My daughter’s offer was accepted (yay) but now a single entity within the entire condo complex owns more than 10% of the total units.

This situation makes it a portfolio loan or 2nd home loan BUT she doesn’t own property and her co-signer doesn’t own property AND it’s her primary residence.

My ask: what other type of loans are available to her? location property and amount details below.

Location: Hawaii Property Type: condominium Loan Type: conforming

Thanks in advance!!!

submitted by /u/Kmraj
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/pdzfyy/condo_ownership_wont_allow_conventional_loan/
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