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What’s a Warrantable vs. Non-Warrantable Condo?
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
🤔 What’s a Warrantable vs. Non-Warrantable Condo?
👉 Common terminology around condo project-level risks and eligibility include classifying a condo unit as warrantable or non-warrantable. This bifurcation refers to whether the unit is eligible for conventional loans (i.e. satisfy Fannie Mae guidelines), where “warrantable” simply means it is eligible for conventional loans, while “non-warrantable” means its not.
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