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!


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