At MortgageDepot, we understand that it can be challenging to find affordable financing for non-warrantable condos. If you have been turned down by other lenders in the past due to your condo not qualifying for Fannie Mae or Freddie Mac programs, don’t worry. There are financing options available to you. We offer competitive rates for condos classified as non-warrantable, and we can help you achieve your financing goals with our excellent program options.

Our financial professionals are experienced in dealing with the unique challenges posed by non-warrantable condos, and we can assist you in setting up competitive financing for your property. Here are some of the financing options we offer:

  • Non-Agency and Non-QM programs available
  • Less strict guidelines than standard warrantable condos
  • Minor litigation may be considered on a case-by-case basis
  • Projects with 10-30 units. No single entity can own more than three units (Projects with less than 10 units are limited to one unit. Warrantable condos have a flat 10% limit)

We understand that each situation is unique, which is why we offer customizable solutions that meet your individual needs. Here are some additional program highlights:

  • CLTV up to 85% LTV
  • Loan amounts ranging from $100,000 to $3,000,000
  • Available for primary, second home, or investment properties
  • Established and new projects are eligible
  • Non-warrantable features that are not allowed by Fannie Mae are considered
  • No state limitations
  • Limited review up to 85% LTV (75% LTV for FL) for owner-occupied properties
  • Limited review up to 75% LTV (70% LTV for FL) for second homes and investment properties

At MortgageDepot, we specialize in providing financing solutions that are competitive and meet our clients’ needs. If you have a property that is difficult to finance, such as a non-warrantable condo, reach out to us to learn more about the financing solutions that are available to you.

*This product is not regulated by the New York State Department of Financial Services

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