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.



Company NMLS: 1758932

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


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