Non-Warrantable Condo Loans

In the realm of mortgage lending, a "non-warrantable" condominium denotes a property that does not meet the criteria for Fannie Mae or Freddie Mac purchase. Consequently, mortgages associated with such properties cannot be sold to these entities. Therefore, if you intend to acquire a non-warrantable condo, you'll require the assistance of an unconventional lender or loan program that specializes in these types of properties.