Closing a condo deal right before Christmas

Mortgage adviser: Brenda Wyatt. Property type: Condo in Oakland. Loan amount: $236,700. Loan type: 30-year fixed, conventional. Loan rate: 4.875 percent. Backstory: A past client referred a local, nonprofit employee to Brenda Wyatt after having a great past home-buying experience. The client was interested in buying her first condo, and the 30-day close of escrow period put the closing date right before the Christmas holiday.

With a combination of Golden State Finance Authority Platinum Grant funds at 5 percent of the loan amount and a Platinum Grant subsidy at 0.5 percent, the client had more than $13,000 of down payment assistance available to her to buy her dream condo.

Everything was going great until a last-minute issue with the condo complex came up.

The condo was involved in litigation, which is never a good thing. There had also been a fire at the clubhouse while it was being rebuilt. These items were going to require an extensive additional review and approval.

Wyatt and her team stayed on top of the HOA and worked tirelessly to get the appropriate information regarding the litigation and clubhouse fire to the right parties. The extra dedication and effort paid off, and the condo approval was finally issued. Brenda Wyatt, All California

Mortgage, (510) 761-7071, bwyatt@allcalifornia.com.