How to Finance a Non-Warrantable Condo in 2026

Описание: Non-Warrantable Condo Financing | First National Bank of America

You’ve found the perfect condo, but you’ve hit a roadblock—it’s non-warrantable. Don’t worry, that doesn’t mean you’re out of options.
At First National Bank of America, we specialize in financing non-warrantable condos through our flexible Non-Qualified Mortgage (Non-QM) programs. Whether it’s your dream home, 2nd home or vacation property, we have loan options that can help make it yours.

0:00 – Facing Condo Loan Roadblocks? Here’s What to Know
0:20 – What is a Non-Warrantable Condo?
0:36 – Why Some Condos Don’t Qualify for Conventional Loans
0:52 – Unfinished Construction & Condo Loan Eligibility
0:57 – Mixed-Use Properties & Their Impact on Financing
1:14 – Short-Term Rentals: How Airbnb & Vrbo Affect Loan Approval
1:30 – When One Owner Holds Too Many Units: Why It Matters
1:47 – Developer Control & What It Means for Condo Loans
2:02 – Non-QM Loans for Non-Warrantable Condos
2:14– Non-Warrantable Condo Loans: How to Get Approved
2:37 – The Perks of Condo Living: Convenience, Location & More
2:57 – Your Trusted Partner for Non-Warrantable Condo Loans
3:18 – How to Start Your Non-QM Condo Loan Process

What Is a Non-Warrantable Condo?
A non-warrantable condo is a condominium that doesn’t meet the strict requirements set by conventional loan programs like Fannie Mae, Freddie Mac, FHA, or VA. This can make securing traditional financing difficult—but not impossible.

Common reasons a condo may be considered non-warrantable:
• Unfinished Construction: The development isn’t fully built or future phases are planned, raising concerns for traditional lenders.
• Mixed-Use Properties: If more than 20% of the property is used for commercial purposes, such as retail or office space, it can complicate financing.
• Short-Term Rentals Allowed: Condos permitting Airbnb, Vrbo, or other short-term rental platforms are often viewed as higher-risk.
• Single Owner Dominance: If one person or company owns more than 10% of the units, lenders worry about market stability.
• Developer Control: If the condo association is still controlled by the developer, lenders see this as an added risk.
Good news: These issues don’t prevent us from helping you finance your dream condo.
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Why Choose FNBA for Non-Warrantable Condo Loans?

We understand that non-warrantable doesn’t mean unlivable. That’s why our loan programs are designed to provide flexibility where conventional lenders fall short.

Here’s what sets our Non-QM condo loans apart:
• Finance up to 80% of the Property Value – Making it easier to secure funding with a manageable down payment.
• Primary or Secondary Residences – Purchase your dream condo or a perfect vacation home.
• Flexible Income Documentation – Only 12 months of income history required.
• ITIN Holders Welcome – No Social Security Number? No problem—we work with ITIN borrowers too.
• No Prepayment Penalty – Pay off your loan early without being penalized.
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Who Can Benefit from Non-Warrantable Condo Loans?
Our Non-QM loans are a great fit for borrowers who:
• Want to buy a condo in a development that allows short-term rentals (like Airbnb or VRBO).
• Are purchasing a unit in a building that has mixed-use spaces or unfinished construction.
• Are self-employed, freelancers, or gig workers who need alternative income documentation.
• Hold an ITIN instead of a SSN
• Lack credit history or have minimal credit
• Have experienced recent credit events like bankruptcy or foreclosure.
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Benefits of Owning a Non-Warrantable Condo
• Urban Living: Enjoy easy access to shops, restaurants, and city life.
• Low-Maintenance Lifestyle: Say goodbye to lawn care and roof repairs—condo living usually means less upkeep that you are responsible for.
• Vacation Getaway: Secure a second home in your favorite destination.
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How Non-QM Loans Make It Possible
By using alternative documentation and flexible guidelines, we help you secure financing for unique properties.

Key Loan Features:
• Bank Statements, 1099s, or P&L statements accepted
• Only 12 months of income history required
• Credit Flexibility
• Cash-out refinance options available
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Get Started Today
Buying a non-warrantable condo doesn’t have to be complicated. Let First National Bank of America guide you through the process with financing options that make sense for your situation.
Take the first step today—your dream condo is closer than you think.
Learn More: www.fnba.com/mortgage/condo

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