Warrantable vs Non-Warrantable Condos

warrantable vs non warrantable

If you dream of buying a condo, whether as your main home or a second property, you might expect the process to be as simple as buying a single-family home. And most of the time, this will be the case if the condo is warrantable.

But if the condo isn’t considered warrantable, things will be more difficult. So what is a non-warrantable condo, and how does it differ from a warrantable one?

Condos are considered to be a greater risk to lenders, so they have stricter requirements when funding purchases. If the condo is non-warrantable you will find it more difficult to get a home loan.

We look at non-warrantable condos vs warrantable condos and how this could affect your financing.

warrantable vs non warrantable 1



Written by madisonmortgage

Real Estate | Mortgage | Social Media | Content Curator | Blogger | Cyclist | Disc Golfer www.madisonmortgageguys.com

Video MakerStory MakerYears Of MembershipVerified UserContent Author

What do you think?

Leave a Reply

download 11

A Step-by-Step Guide to Incorporating Beard Growth Spray into Your Grooming Routine

Best Real Estate Articles July 2023