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Updated over 10 years ago on . Most recent reply

Account Closed
  • Kalamazoo, MI
129
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224
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Non warrantable condo. Run?

Account Closed
  • Kalamazoo, MI
Posted
Saw a condo that interested me as a personal residence. But it is non warrantable. How much does this affect sell ability?

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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
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Charlie Fitzgerald
  • Lender
  • Las Vegas, NV
Replied

Significantly for many forms of conventional financing.  There are lenders that will loan on non-warrantable projects, but the rate reflects the fact that it is in fact non-warrantable.

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