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Updated about 3 years ago on . Most recent reply

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Chuck Payette
2
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18
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Regular lender can’t help me HOA concern

Chuck Payette
Posted

I am preapproved but the condo I am buying HOA docs won't meet Fannie may requirements. Looking for alternate lender. Good credit/down payment and a cash flow positive property in MN

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Andrew Garcia
  • Lender
  • Charlotte, NC
410
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739
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Andrew Garcia
  • Lender
  • Charlotte, NC
Replied

@Chuck Payette, I see. That means that the condo is non-warrantable. When you speak to lenders, make sure that you say that the condo is non-warrantable. They will know what it means and will let you know if they have any programs that can help.

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