Non-Warrantable Condo Lenders In Florida

Florida Non-Warrantable Condo Lenders

With access to 200+ Florida condo mortgage Lenders, our specialty is providing non-warrantable condo loans in Florida to purchase or refinance that do not meet Fannie Mae and Freddie Mac’s guidelines. In Florida, mortgage applicants find it difficult to locate a non-warrantable mortgage expert, as most Florida condo lenders do not offer them. A non-warrantable Florida condo is a condominium unit or project that does not meet the eligibility criteria set by  Fannie Mae and Freddie Mac. This can make it difficult to obtain a mortgage for the property, as many lenders cannot sell the loan because they view it as high risk. 

Non-Warrantable Florida Condo Mortgage Lenders

Florida Non-Warrantable Condo Niches

No Tax Return Condo Florida Mortgage Options

• No Doc, No W2, No Tax Return = OK         Bank Statement Deposits = OK            Jumbo No Tax Returns = OK
• Home Loan No Tax Returns =OK                1099 mortgage Lenders = OK              3 Months Bank Statement = OK
• Self-Employed Less than 1 year = OK         VOE Only Mortgage  = OK                  Asset Depletion = OK
• ITIN No Tax return mortgage = OK              Nonresident No Tax Return = OK          Pledged Assets = OK
• Asset Depletion or Pledged = OK                Business Profit Loss = OK                   DSCR Rental Income = OK

Reasons Florida Condos are Non-warrantable include:

• Inadequate Condo Reserves/Budget: Less than 10% of the budget is allocated to reserves, or owners have high delinquency rates (over 15%).
• New Construction: The new Florida condo project is not fully completed or is still under developer control.
• Mixed-Use Projects: More than 20–35% of the square footage is dedicated to commercial use.
• Active Litigation: The condo homeowner’s association (HOA) is involved in lawsuits, often regarding structural defects or developer disputes.
• Safety Concerns Structural Issues: Following the Champlain Towers collapse, buildings with deferred maintenance, failed milestone inspections, or insufficient structural reserves are often flagged.
• Short-Term Rentals: The condo association permits daily or short-term rentals (e.g., Airbnb/VRBO models), which lenders view as high-turnover risks.
• Investor Concentration: 10% or more of the total units are owned by a single entity or investor.
• Low Owner-Occupancy: A high percentage of units are rented out rather than occupied by their owners.

No Condo Questionnaire Florida Non-Warrantable Mortgage Lenders 

Florida Non-Warrantable Condo Mortgage Lenders