Condos
Non-warrantable condo loans. Financing others pass on
Some condo buildings don't meet standard guidelines. We shop your loan with lenders who specialize in them.
What a non-warrantable condo is
A condo is non-warrantable when the building doesn't meet Fannie Mae or Freddie Mac guidelines, for example because of investor concentration, commercial space or pending litigation.
Condotels, condos run like hotels, often fall in this group too. Specialty lenders finance both.
Who it fits
- Buyers of condos in mixed-use or resort buildings
- Buyers of condotel units
- Investors buying condo rentals
- Owners refinancing a condo standard lenders turned down
The steps
How it works with us
- Tell us about the buildingThe address and HOA details help us see why it's non-warrantable.
- One soft pullWe check your credit once, without affecting your score, and shop the file with 130+ lenders.
- Match the lenderWe find the lenders whose rules fit the building and your plans.
- CloseWe keep the appraisal, lender and title moving, and get you to closing.
Get ready
What to have on hand
You don't need all of it to start. The application tells you what's missing.
- Photo ID for everyone on the loan
- Income documents (W-2s, tax returns or bank statements)
- HOA contact information
- Purchase contract or current mortgage statement
Questions
Good to know
How do I know if a condo is non-warrantable?
We review the building with the HOA and tell you which lenders can finance it.
Can I get a loan on a condotel?
Yes. Some of our lenders specialize in condotels.
Can I buy a non-warrantable condo as a rental?
Yes. Many specialty lenders finance investment condos.
Is the process longer?
It can take a little more review of the building, so we start that early.