A condominium is deemed non-warrantable when it doesn’t meet Fannie Mae and Freddie Mac’s mortgage finance criteria.

A Condo is Deemed Non-Warrantable if:

• Developement is still under construction or subject to future phases
• More than 25% of the space within the community is used commercially
• A high percentage of units are occupied by renters
• The community allows short-term rentals
• A single person or entity owns more than 10% of the total number of units

FNBA’s Financing Options Include:

• Eligibility for ITIN and SSN borrowers
• Loans up to $1,250,000
• Financing up to 80% of property value
• Terms up to 30 years
• Alternative Income Documentation options requiring only 12 months income history
• Debt-to-income up to 55%
• Flexible underwriting guidelines
• Purchase or refinance available

Submit a request for a mortgage today!

MORTGAGE REQUEST

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