Flexible Financing for Non-Warrantable Condominiums

We offer a range of financing solutions for condominiums, so you can find the mortgage you want – minus the hassles and stress you don’t.

Highlights of our non-warrantable condo loan offering include:

• Purchase or Refinance
• High loan-to-value (LTV) financing and loan limits
• Choose between fixed and adjustable rate options
• Flexible qualifying criteria
• Primary residence, second homes, and investment properties all eligible

A condominium property is flagged as non-warrantable if the loan is not eligible to be sold to Fannie Mae or Freddie Mac, because it does not meet conventional guidelines. Many lenders consider financing a mortgage for this type of property to be too risky.

A condo unit might be considered non-warrantable if:

• The project is new construction and/or has yet to be completed
• The developer has not turned over control of the HOA to the owners
• A high percentage of units are occupied by non-owners
• The community allows short-term rentals
• A single person or entity owns more than 10% of the total number of units
• The building owner or developer is involved in litigation of any kind

Let our team of experts help you find the right solutions to finance your non-warrantable condo unit. Get in touch today.