Financing a Non-Warrantable Condo: What Other Lenders Can’t Do, We Can

If you’ve ever tried to finance a condo and been told “Sorry, that building doesn’t qualify,” you’re not alone.

Non-warrantable condos are one of the most common reasons buyers and homeowners hit a dead end with traditional lenders. HOA issues, investor concentration, litigation, or building characteristics can cause a loan to be declined — even when the borrower is well-qualified.

The good news? There are strong financing options available, and we specialize in them.

What Is a Non-Warrantable Condo?

A condo is considered non-warrantable when it doesn’t meet standard agency (Fannie Mae / Freddie Mac) guidelines. This can happen for many reasons, including:

• High investor concentration

• Pending litigation

• HOA budget or reserve issues

• Commercial space in the building

• Unique property characteristics

Most banks simply stop there. We don’t.

Our Non-Warrantable Condo Solution

We offer a specialized non-warrantable condo product designed to handle scenarios other lenders can’t.

✅ Minimal Property Requirements

Unlike conventional financing, our requirements are straightforward:

• Sufficient insurance coverage

• Building height under 8 stories

That’s it. We don’t require the condo association to meet agency warrantability standards.

Flexible Income Documentation Options

This program is built for today’s borrowers — not just W-2 employees.

We offer multiple income qualification options, including:

• Full Documentation
  (W-2s, paystubs, tax returns)

• 1099 Only

• Profit & Loss (P&L) Only

• Bank Statement Loans

• Asset Depletion

• No DTI Option using our Ready Asset feature

This flexibility allows us to help:

• Self-employed borrowers

• Business owners

• Commission-based professionals

• Retirees and high-net-worth clients

Strong Loan Terms

Our non-warrantable condo program offers competitive leverage and flexibility:

• Up to 80% Loan-to-Value (LTV)

  • Purchases

  • Rate/term refinances

• Available for primary residences, second homes, and investment properties

• DTI up to 60% in eligible states with strong compensating factors

• Loan amounts available across a wide range of price points

This means buyers and homeowners can move forward without needing excessive cash or perfect tax returns.

Ideal Use Cases

This program is especially helpful for:

• Buyers purchasing condos other lenders won’t touch

• Homeowners refinancing out of high-rate or short-term financing

• Investors purchasing non-warrantable units

• Self-employed borrowers with strong cash flow but complex income

Why This Matters

In today’s market, the property — not the borrower — is often the issue. Our non-warrantable condo product removes unnecessary roadblocks and focuses on what really matters: the borrower’s overall financial strength and the insurability of the property.

If you’ve been told “no” elsewhere, it doesn’t mean the deal is dead — it may just mean you’re talking to the wrong lender.

Let’s Take a Look

Whether you’re a buyer, homeowner, or referral partner working with a unique condo scenario, we’re happy to review it and outline real options.

📞 A quick conversation can save weeks of frustration. - Call us today 844.788.7237