{"id":342,"date":"2021-12-21T23:56:28","date_gmt":"2021-12-22T05:56:28","guid":{"rendered":"https:\/\/www.bluestarhm.com\/atlanta\/?post_type=loan-product&p=342"},"modified":"2022-04-26T12:44:46","modified_gmt":"2022-04-26T17:44:46","slug":"non-warrantable-condo-loan","status":"publish","type":"loan-product","link":"https:\/\/www.bluestarhm.com\/atlanta\/loan-product\/non-warrantable-condo-loan\/","title":{"rendered":"Non Warrantable Condo Loan"},"content":{"rendered":"

Bluestar Mortgage of Atlanta, is the trusted choice for Non-Warrantable Condo Loans. Give us a call at 770-797-5014<\/a> to speak with a FHA loan expert who can assist you in determining if a Non-Warrantable Condo loan is the right option for you. You can also click on the schedule a free consultation button above.<\/p>\n

Living in a condominium can be an excellent choice for varied reasons. It can be a good option in property ownership without stressing your home’s exterior maintenance. It may also be economical to reside in a city or even a hot spot vacation without purchasing an entire house.<\/p>\n

What causes a condo unit non-warrantable?<\/p>\n

A condo unit is deemed non-warrantable when it does not meet the traditional guidelines and will not be purchased by government-supported individuals like Fannie Mae and Freddie Mac. Thus, it may be challenging to look for funding since major lenders find an increased risk to finance a loan for this kind of property.<\/p>\n

Certain companies may have their own set of standards to find out of it is non-warrantable or warrantable, but in general, below are the causes for a condo unit to be considered non-warrantable:<\/p>\n