Condominium financing can be more complex than financing a single-family home because the mortgage review may include both the borrower and the condominium project itself. Certain properties may not meet standard agency guidelines, which can make traditional financing more difficult.
At Florida Home Finance, we offer a wide range of Condo and Non-Warrantable Condo Loan options for eligible primary residences, second homes and investment properties.
A Condo Loan is a mortgage used to purchase or refinance an individual unit within a condominium development.
In addition to reviewing the borrower’s credit, income, assets and overall financial profile, the condominium project may also be reviewed for factors such as insurance coverage, association financials, occupancy, ownership concentration and project characteristics.
For condos that meet standard financing requirements, traditional mortgage programs may be available. For properties that fall outside those guidelines, Non-Warrantable Condo financing can provide additional options.
A Non-Warrantable Condo is a condominium that does not meet certain conventional agency project requirements.
A condo may be considered non-warrantable because of factors such as:
Being classified as non-warrantable does not automatically mean the property cannot be financed. It means a more specialized mortgage program may be needed.
Warrantable and Non-Warrantable Condo Financing
We offer options for both traditional condo projects and eligible properties that may not meet standard agency guidelines.
Primary Residence Options
Buyers purchasing a condo as their main residence can explore financing options designed for owner-occupied properties.
Second Home Financing
Condo financing may also be available for eligible vacation homes and second residences.
Investment Property Options
Real estate investors can explore financing for eligible condo units intended for rental or investment purposes.
Purchase and Refinance Solutions
Our condo loan programs can support eligible property purchases, refinances and certain cash-out transactions.
More Flexibility for Unique Properties
Specialized condo financing can help borrowers consider properties that may otherwise be difficult to finance through conventional mortgage programs.
In addition to the borrower’s financial profile, the condominium project itself may be evaluated.
This can include the homeowners association, insurance coverage, project budget, number of investor-owned units, commercial space, construction status, litigation and other property-specific factors.
Our team works with you to gather the required information and help determine the financing options available for the property.
At Florida Home Finance, we understand that condo transactions often require additional attention to project details.
Our mortgage professionals review both your financing goals and the condominium property so we can help identify an appropriate mortgage solution.
Whether you are purchasing a primary residence, second home or investment condo, we can help you explore options for both warrantable and non-warrantable properties.
A unique condo project should not automatically end your financing search.
Speak with Florida Home Finance today to explore Condo and Non-Warrantable Condo Loan options for your property.
We offer a personalized and distinctive approach to mortgages, combining human-driven insights with technical expertise to create a perfect hybrid. Our lending solutions are designed to expedite loan processing, delivering faster results while substantially reducing costs.
