Condo
WHAT ARE NON-WARRANTABLE OPPORTUNITIES?

condo Explore condo Options

Want to buy a condo but it doesn’t meet agency condominium requirements? No worries. We have opportunities for non-warrantable condos to help you get home quicker.

NON-WARRANTABLE CONDO PROGRAM ELIGIBILITY

To qualify for the non-warrantable condo opportunities program, certain guidelines must be met, including:

  • 30-year fixed and 30-year fixed with 10-year interest-only option
  • Maximum loan amount: $3 million
  • Minimum loan amount: $58,300
  • Loan-to-value ratio (LTV): Up to 85%
  • Cash-out permitted
  • All occupancies permitted
  • Each project approval may have up to two (2) risk factors

KEY FEATURES

Below are some of the condominiums covered by the non-warrantable program:

  • Projects in litigation (cannot be related to safety, structural soundness, functional use, or habitability)
  • Projects having mandatory dues or membership fees
  • Single-entity ownership up to 40%
  • Commercial or non-residential space above 40%
  • 1–4 unit properties available

If you have questions about the non-warrantable condo opportunities program, connect with your trusted PrimeLending, a PlainsCapital Company® loan expert today.