Financing Non-Warrantable Condos: What You Need to Know

Finance2 months ago

Source: Financing Non-Warrantable Condos: What You Need to Know

Non-warrantable condos do not meet the criteria of conventional mortgage investors like Fannie Mae or Freddie Mac. These properties may face challenges such as high investor ownership, ongoing litigation, or financial issues with the HOA. Although financing a non-warrantable condo can be difficult, specialized lenders offer tailored loans. These often require higher down payments and stricter qualifications. Before purchasing, ensure the HOA is financially stable and review any legal concerns.

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