Non Warrantable Fix? Synergy Update

It has been an interesting week so far. Some highs, some lows, and only three days have passed. 

I wanted to clarify a few points about non-warrantable condos quickly and also touch on Synergy Investor Group one more time as we get close to the end of our Tranche #1 raise.
On the condo side, I am seeing more complexes with repair issues or deferred maintenance. Tres Robles III, which I ran into yesterday, is a good example. Fannie Mae refers to these as critical repairs, deferred maintenance, and reserve issues.
Can we still get something like this done, VA or FHA?
Yes, there may be a chance, especially if the complex is VA-approved and the underwriter does not pull or focus on that specific information. FHA may also be a possibility in some cases.
That said, if there are insurance-related issues, that should be a problem. Will it always become one? Not necessarily. If an underwriter misses it, there is always a chance a loan could still get through using Conventional, VA, FHA, or another route.
However, I think it is extremely important to be transparent with all parties. Even if we try VA or FHA, there is still a chance the loan could fail. We did VA loans in Mariposa for years before VA eventually caught on, so we have seen this play out before.

 On the Synergy side, we have almost completed our first $10 million tranche. We can go a little above that number, but we are getting close. If you are interested or even want to learn more, please feel free to join us on a call next Wednesday. I also have last night’s meeting recorded and can send that to you.
One more thing: there is a lunch on Synergy today from 12:00 - 1:30 PM in our conference room at the office in Suite 305.
The link for next Wednesday’s 6/10/2026 call is below.

Join: https://teams.microsoft.com/meet/237649934995562?p=h0Srq495t6oeXT03J8

If you have any questions, please ask.
My partners and I are very excited about what we are doing. We are not looking to take your stock money or pressure anyone into this. We believe this is an easy way to invest in real estate without the hassles of owning property directly or needing 25% down to buy your first investment property.
The minimum investment is in $25,000 increments, and we only want you involved if you feel great about it.
Thank you, and please reach out with any questions.

Interest Rates
Yesterday ugly! Today is good so far. All of this is still based on Iran.  

Loan Programs Snapshot

• Government loans (FHA/VA/USDA): in the 5s and now low 6’s
• Conventional (≤ $832,750): low to mid 6s
• High-balance: mid to high 6s
• Jumbo: Mid to high 6s
• Bridge Loans 7.75-7.99

Additional options:

• Bank statement loans (10% down+)
• P&L loans (20% down, no bank statements)
• 0% down options (620+ score)
• DSCR loans (15% down)
• Bridge loans (~7.99%)
• Buydowns (3/2/1, 2/1, 1/0)
• Private Money loans – Hard Money  
• Construction Loans
• 203K loans
• Fix and Flip Loans  

Rates subject to change without notice.

Condo Update

• Good news: None today
• Bad news: Tres Robles III –   

We love your Non-Warrantable Condo loans!!
Need help checking a condo? Call me, and we can look it up in real time.
Also:
Full California "naughty list" available here:
https://mikemeena.com/non-warrantable-condos/

Let's Connect

If you or your clients, friends, or family need guidance, I'm here.

📞 661-291-2222 (Direct)

📞 661-714-6258 (Cell)

📞 661-260-2970 ext. 2222 (Office)

📧 Mike@AugustaFinancial.com

Sincerely,