Non-Warrantable Condos

We have in the area of 25 lenders that have non-warrantable condo loan programs. Below, you will see some examples of what we have available. Check back often as we are constantly updating our information.

In the world of mortgage lending, "Non-warrantable" condominium means is that any mortgage tied to it cannot be sold to Fannie Mae or Freddie Mac. So if you want to purchase a non-warrantable condo, you're going to need an unconventional lender or unconventional loan program; Non-Agency, Non-Agency Jumbo, Non-Prime or Non-QM.

Reasons can include:

  • Conventional lenders will not approve a loan with a Loan-to-Value (LTV) greater than 75%
  • Less than 50% of the units are owner-occupied
  • Greater than 85% ownership within the condo project must be current on monthly dues
  • Amenities in development must be complete if project is greater than 12 months old
  • 10+% of the units cannot be owned by a single person or business legal entity. Some conventional lender have over-lays on their already strict guidelines that require a higher percentage
  • Minor litigation

Unconventional lenders have non-warrantable loan programs with guidelines that are far more sensible and therefor able to offer a diverse variety of loan programs. 


Title Modified Date
Alternative Income Documentation Jumbo Program 07 April 2021
95% LTV Jumbo Unlimited Cash-Out to $1,500,000 23 September 2021
6 Month Bank Statement Mortgage Loan 07 August 2021
Bank Statement Mortgage to $10,000,000 23 January 2020
Condo Mortgage 90% LTV Jumbo 23 January 2020
Non-QM Lender 16 October 2020
Non-QM Lender - Stated Expense Ratio 24 October 2020
Investor Purchase Loan Program 17 July 2021
Hard Money Super Jumbo Florida 23 January 2020
Jumbo Hard Money to 3 Million 80% LTV 26 September 2020
Hard Money 5 Million Owner Occupied 23 January 2020