Non-Warrantable Condos

Non-Warrantable Condos

  • Owner Occupancy Requirement for an Investment Property
  • First Closing in a Non-Owner Occupied Unit & Low Presales
  • Single Entity Ownership of up to 25% of the Units
  • Less than 10% Budgeted Reserves
  • Project can have up to 40% Commercial Space
  • Short Term Rentals OK
  • 660 FICO
  • Reserves 3-6 months on subject property only
  • Gift funds allowed
  • Long-term and short-term rentals allowed
How to Manage High Risks