Heroes – you deserve a loan that gives back. This exclusive program offers low-down payment options for qualifying members, plus some incredible benefits
Home equity loans are a great way to gain some extra cash for home improvements, debt consolidation, or other big purchases you’re looking to make. Like any loan, it’s important to understand how a home equity loan works before getting one.
Financing for the Condo Other Lenders Won’t Touch—But You Can’t Wait to Call Home.
Just because your condo doesn’t check all the Fannie/Freddie boxes doesn’t mean it’s not a great investment.
What Is a Non-Warrantable Condo?
A non-warrantable condo is a condo that doesn’t meet the conventional loan guidelines set by Fannie Mae and Freddie Mac. The issue is usually the building or the HOA, not you. Common reasons include:
The HOA is involved in ongoing litigation
The HOA’s reserves or finances fall short of Fannie Mae and Freddie Mac standards
The building needs critical repairs or has deferred maintenance
Large or ongoing special assessments
The project is new, unfinished or recently converted
Too much of the building is used as commercial space
Heavy short-term rental activity or hotel-style services (condotels)
One owner holds a large share of the units
The master insurance policy doesn’t meet requirements
Our Non-Warrantable Condo Loan is built for these situations. We use our own guidelines instead of Fannie Mae’s and Freddie Mac’s, so a flag on the building doesn’t have to end the conversation. Some lenders stop at the first red flag. We look at the full picture.
Not sure if your condo is warrantable? Talk to one of our loan experts and we’ll help you find out.
Why Choose Our Non-Warrantable Condo Loan?
Financing for Complex Condo Scenarios
We understand the nuances and have solutions that make non-warrantable possible.
Flexible Underwriting Guidelines
Our portfolio approach gives you options beyond Fannie/Freddie’s restrictions.
Great for Primary, Second Homes, or Investment Properties
Buying a beach condo, a ski retreat, or a city rental? This loan can work for you.
Avoid the Runaround
Many lenders walk away at the word “non-warrantable”—we lean in and walk you through it.
Real People Who Know How to Get It Done
You’ll work with experts who know what questions to ask and how to close fast.
Important Non-Warrantable Condo Changes for 2026
In 2026, Fannie Mae and Freddie Mac made their biggest update to condo lending rules in years. Some condos got easier to finance. Others, especially buildings with underfunded reserves, got harder.
Here’s what changed:
Full project reviews are now the norm. For loan applications dated on or after August 3, 2026, the faster “limited” review is gone for buildings with more than 10 units. Lenders now take a closer look at the HOA’s budget, reserves and insurance.
Reserve requirements are going up. Starting January 4, 2027, HOAs generally need to set aside at least 15% of their annual budget for reserves, up from 10%. The exception is an HOA with a recent reserve study that it’s fully funding.
Older reserve studies no longer count. A reserve study has to be less than three years old to be used.
Investor-heavy buildings got a break. The old 50% cap on investor-owned units in established buildings has been retired.
Small buildings may skip the review. Projects with 10 or fewer units may qualify for a waiver of the project review.
Insurance rules were updated. Roofs no longer have to be insured at full replacement cost, and master policies now have a maximum deductible of $50,000 per unit.
What does this mean for you? If your condo was flagged during its project review, or the HOA’s reserves fall short of the new minimums, you still have options. And if your building used to be non-warrantable, it may now qualify for conventional financing. We offer both, so we’ll help you figure out which one fits.
Guidelines change often and every building is different. Talk to one of our loan experts about your specific condo. All loans are subject to credit and property approval.
Who’s a Good Fit for a Non-Warrantable Condo Loan?
Buyers whose condo was flagged as non-warrantable during the project review
Second-home buyers looking at resort or vacation-area condos
Investors buying in buildings that don’t meet Fannie Mae and Freddie Mac standards
Buyers in new or recently converted developments
Owners looking to refinance a condo that’s now non-warrantable
Buyers turned down by another lender because of the building, not their finances
Buyers who love the condo, even if the guidelines don’t
Just Because It’s Non-Warrantable Doesn’t Mean It’s Impossible.
If the condo is right—we’ll help you make the financing work. Let’s talk through your options and get you to closing with confidence.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
At Mortgage Center LLC, we offer some of the best rates in the industry. Our transparent pricing and expert guidance ensure you get the right loan for your needs—without the surprises.
Whether you’re looking to manage your budget or want to figure out if you should buy or rent your next place, Mortgage Center has you covered. Check out our wide variety of calculators that can help you make the best financial decisions for your future.
Other Home Loans We Offer
Fannie Mae & Freddie Mac Fixed-Rate Loans
Your go-to option for long-term stability with predictable monthly payments.
Our experience with the Mortgage Center was fantastic. The entire process from filling out the application to close went very smoothly and was so easy. Our team worked very hard to make the process as stress free and quick as possible. They were all very knowledgeable and kept us informed from start to close. I would absolutely recommend them!!
Mario G., Credit Union Member
We have worked with Mortgage Center for many years and for many different things. They are always on top of everything and do such an amazing job making sure you are satisfied with your loan. I would recommend them to anyone.
Joshua E., Credit Union Member
Mortgage Center helped me get my first house! My MLO was super friendly and knowledgeable, and our closers were very helpful as well.
Madi W., Credit Union Member
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