Non-Warrantable Condo Loans

Non-Warrantable Condo Loans

Non-warrantable is another term for a loan that doesn’t meet conventional guidelines and are therefore considered too risky by most banks and major lenders. Depending on the property and the applicant’s financial viability, StrongBox may still be able to work with you using this loan product. Some reasons a condo may be deemed non-warrantable if it’s new construction, the community allows short-term rentals, or the developer has not turned over control of the HOA to the homeowners. 

In working with StrongBox Home Loans, you’ll discover that we offer far more flexibility than most traditional banks. 

• No Bank Overlays – the fact that StrongBox has no bank overlays means that we can help a wider variety of people because we are not hindered by stringent guidelines and we can get you to the closing table faster because your loan won’t have to pass through many layers of management.
• No Minimum Score Requirement – even if your credit is less than stellar, that doesn’t mean you’re out of luck where a mortgage loan is concerned when working with StrongBox. Even if you’re found that most banks and larger lenders won’t even look at you with a credit score below 620.

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