Condotel Loans

Own a Piece of Paradise with Short-Term Rental Potential

Condotel properties blend the perks of hotel living with the benefits of condo ownership. At CTC Mortgage, we offer tailored loan programs for condotels—making it easier to purchase vacation properties that generate income and serve as a personal getaway.

What Is a Condotel?

A condotel (short for condominium hotel) is a condo unit within a resort-style property that functions like a hotel. These properties offer short-term rentals, front desk services, and shared amenities. You own the unit, but it can be rented out when you’re not using it—helping offset costs or even generating income. They’re popular in Florida, the Carolinas, and other coastal destinations, especially among second-home buyers and real estate investors.

Specialized Loan Programs for Non-Traditional Properties

Condotel financing isn’t typically offered by most traditional lenders. Because these buildings often have high short-term rental activity or hotel-style operations, they’re considered non-warrantable by Fannie Mae and Freddie Mac. That’s why CTC Mortgage partners with niche lenders who understand these types of properties. We help clients secure financing even when a building doesn’t meet conventional guidelines.

Benefits of a Condotel Loan

With the right loan structure, a condotel can be a great long-term asset. Our condotel loans offer:


  • Financing for vacation condos with short-term rental potential
  • Eligibility for U.S. residents, foreign nationals & investors
  • Fixed or adjustable-rate options
  • Down payments typically between 20–30%, depending on building and borrower
  • Available in high-demand areas like Miami, Myrtle Beach, Destin, and Charleston
  • Support for non-warrantable condo buildings or those with limited services

Explore Other Refinance & Equity Options

Not sure a HELOC is right for you? Check out our other flexible loan options:

Need help deciding?

Want to talk to a mortgage expert? Contact us today to explore your options and find the best fit for your financial goals.

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Frequently Asked Questions

  • What’s the difference between a condo and a condotel?

    A condo is typically part of a residential community, while a condotel operates more like a hotel. Condotel buildings usually include front desk services, daily housekeeping, and on-site rental management. This hybrid model offers more flexibility and income potential but also introduces financing challenges that require specialized loan programs.

  • Can I use a condotel as a full-time residence?

    Most condotel properties are not designed for full-time occupancy, and many buildings have rules that limit the length of stays. You should always check with the building’s HOA or management company to confirm whether full-time use is allowed. If you’re looking for a permanent residence, a traditional condo might be a better fit.

  • Are down payments higher on condotel loans?

    Yes, condotel loans often require a higher down payment than standard condo loans. Most borrowers can expect to put down 20% to 30%, depending on the property, credit profile, and occupancy type. Investment properties and non-warrantable buildings may require even more.

  • Can I qualify for a condotel loan with rental income?

    In some cases, yes. Certain lenders may allow projected rental income to help support your loan application, especially if the building has a documented rental history. However, condotel loans generally rely more heavily on your personal income and assets, so strong credit and reserves are usually needed.

  • Where can I get a condotel loan?

    CTC Mortgage helps buyers finance condotels throughout Florida, South Carolina, North Carolina, and Georgia. These properties are common in resort and vacation markets, including Miami, Destin, Charleston, and Myrtle Beach. We partner with lenders that understand local regulations and condotel nuances.