Non-Warrantable Condos

Modern real estateAre you looking to purchase or refinance a non-warrantable condo?

You will be pleased to hear that there we have mortgage programs available that will allow you to finance non-warrantable condos.

What is a non-warrantable condo?

Any condo that does not meet standards set by Fannie Mae or Freddie Mac is considered non-warrantable.

What might cause a condo to be non-warrantable?

Any property that is still under development would be considered non-warrantable.  Also, any condo complex that is considered a “condotel”, or offers timeshares is considered non-warrantable.  Also, fractional ownership properties would fit into this category, as well as those that require you to join an organization or club, such as a golf club.

What can I do, if I want to buy a non-warrantable condo?

Condos that do not meet the Fannie Mae or Freddie Mac guidelines are considered non-warrantable and homebuyers need to use other mortgage programs to obtain financing for their desired condo. Luckily, Lisa Home Mortgage has loan programs available to meet this need.

Links

Licensing

Company NMLS: 1758932
www.nmlsconsumeraccess.org

Licensed in:  PA, FL

Licensed by the Pennsylvania Department of Banking and the Florida Office of Financial Regulations

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Contact Us

Lisa Home Mortgage
50 N Laura Street
Suite 2534
Jacksonville, FL 32202
Phone: 833-83-LOANS
Fax: (866) 601-1728
Email: info@lisahomemortgage.com

BUSINESS HOURS

MON-TH: 9:00 am - 6:00 pm ET
FRI: 9:00 am - 3:00 pm ET
SAT: Closed
SUN: Closed

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