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Condo and condotel investors

Non-Warrantable Condo Investor Loan Options

Financing options for investors and buyers considering condos that do not fit standard warrantable condo guidelines.

DSCR and non-QM condo strategy
Investor, foreign national, and alternative-doc review
Purchase, refinance, and cash-out scenarios

When the condo project does not fit the standard box

Condo financing can get complicated when the project is considered non-warrantable. That does not always mean the deal is impossible. It means the loan needs a program built for the project risk.

Common reasons a condo may need specialty financing

  • Higher commercial space concentration
  • New construction or limited project history
  • Investor concentration
  • Condotel or mixed-use characteristics
  • Project-level issues that do not fit agency guidelines
  • Rental property use where DSCR may be more relevant than personal income

The key is identifying the project issue early. From there, we can review whether the best path is DSCR, bank statement, foreign national, full documentation, or another non-QM structure.

What to prepare

Bring the condo questionnaire if available, HOA details, property address, purchase or refinance goal, rental estimate if investor-owned, insurance details, and any known project concerns.

Non-warrantable condo guidelines can be narrow and change often. I will help review the current lender options before you write off the property.

Common questions

FAQ

What is a non-warrantable condo?

A non-warrantable condo is a condo project that does not meet standard agency eligibility rules, often because of project characteristics, investor concentration, commercial space, litigation, reserves, or other factors.

Can investors finance non-warrantable condos?

Some non-QM and investor programs may finance eligible non-warrantable condo scenarios, including DSCR paths when the rental property fits.

Are condotels treated the same as condos?

Condotels often require specialized review and may have different eligibility rules than standard condos or non-warrantable condo projects.

Is cash-out possible?

Cash-out may be possible in some scenarios, subject to property type, equity, credit, reserves, and current program guidelines.