Condotel Loans

Condotels are condos run as resort properties and offer amenities such as check-in desks, maid services, room service, etc. While common in the Myrtle Beach area, condotels do not meet the guidelines for obtaining “conforming” financing. CCNB offers special rates and terms specifically for condotels, including fixed or adjustable rates with as little as 25% down for qualified buyers.

Highlights include:

• Up to 75% LTV (loan to value)
• One-bedroom or larger – No square footage restrictions
• In-house underwriting and local decision-makers
• Timely Closings
• Impeccable Service

Ready to begin?
You’ll first establish a username and password to use our secure online portal. After completion, you can begin a new application, resume an existing one, upload documents, accept electronic disclosures, and more when convenient.

Apply Today

Not sure where to start?
CCNB’s mortgage specialists will use our ‘We Can Do That!’ spirit to help you get moving!

Here are some additional resources, especially for first-time homebuyers:
• The Mortgage Process
• Tips for first-time home buyers
• Tips Every Home Buyer Should Know

Have more questions? No worries, we have answers!
Click below to contact a CCNB mortgage representative to schedule a complimentary, no-obligation consultation with one of our mortgage specialists.