Frequently Asked Questions

Why did my local bank deny my condo loan? Local banks and traditional lenders sell their loans to Fannie Mae or Freddie Mac. If a condo building doesn't meet every single one of their "warrantable" checkmarks, the loan cannot be sold. Since we use private capital and specialized investor outlets, we aren't bound by those restrictive rules.

Are the interest rates higher for non-warrantable condos? Because these loans represent a slightly higher risk to the lender, rates are typically a bit higher than a standard warrantable condo loan. However, they are far more affordable than hard money or personal loans.

What documentation do you need from the HOA? We will typically need a completed Condo Questionnaire and a copy of the building’s master insurance policy. Our team works directly with the Homeowners Association to get this information so you don't have to.

Can I still get a 30-year fixed rate? Yes! We offer 30-year fixed-rate terms, as well as ARM (Adjustable Rate Mortgage) options, giving you the stability of a long-term mortgage on a unique property.

Condotel & Non-Warrantable Condo Financing