Non Warrantable Condo Financing

A non-warrantable condominium is a condo unit or building that fails to meet the minimum financing or operational standards required for a conventional, FHA, or VA mortgage. If you’re looking to purchase a condo that falls into the non warrantable category, you will need an alternative mortgage option. FNBA’s Non-QM loan programs provide just what you need in order to make buying a non-warrantable condo possible!

Wondering what makes a condo non-warrantable?

Often, a condominium is deemed non-warrantable when phases of the development have not yet been completed or when there is a higher concentration of renters than owners. Here are some other reasons a condo may be considered non-warrantble:

  • The development is still under construction or subject to future phases
  • More than 20% of the units are used commercially or are considered mixed use
  • The community allows short-term rentals
  • A single person or entity owns more than 10% of the total number of units
  • The developer has not yet turned control of the association to the unit owners


Highlights for Non Warrantable Financing with FNBA Include:

  • Eligibility for ITIN and SSN borrowers
  • Loans up to $1,250,000
  • Financing up to 80% of property value
  • Primary residence or second home
  • Terms up to 30 years
  • Only 12 months income history required
  • Debt-to-income up to 55%
  • Purchase or refinance options available


Explore Non-Warrantable Condo Financing Today!


Want to talk to a member of our team? Call 1-833-394-8404