Can I Buy a Non-Warrantable Condo?

Yes — financing options are available for non-warrantable condos.

A non-warrantable condo simply means the condominium project does not meet standard conventional financing guidelines. This can happen for many reasons, including:

• investor concentration
• litigation
• inadequate reserves
• commercial space ratios
• HOA issues

While financing may require a larger down payment, there are also creative solutions available, including piggyback second mortgages that may help reduce the amount of cash needed upfront.

Every condo project is different, so it’s important to have the project reviewed early in the process.