Non-Warrantable Condo Loans

Flexible Financing for Non-Traditional Condo Properties

Financing a non-warrantable condo can be challenging—but not impossible. At CTC Mortgage, we specialize in helping homebuyers and investors secure non-warrantable condo loans, even when traditional lenders say no. If you’re buying a condo in Florida or another state and were told the building doesn’t meet Fannie Mae or Freddie Mac guidelines, we have loan options that can help.

What Is a Non-Warrantable Condo?

A non-warrantable condo is a unit in a building that does not meet the standard eligibility guidelines set by government-backed agencies like Fannie Mae and Freddie Mac. These properties are considered higher-risk for a variety of reasons, including:


  • The building allows short-term rentals (like Airbnb)
  • One investor owns too many units
  • There’s ongoing litigation involving the HOA
  • HOA finances don’t meet reserve requirements
  • Too many units are non-owner occupied


Because of these risks, many lenders won’t finance non-warrantable condos—or if they do, they require much higher down payments and stricter qualifications. That’s where CTC Mortgage can step in.

Your Options with CTC Mortgage

At CTC Mortgage, we work with investors, second-home buyers, and full-time residents purchasing in buildings that don’t meet conventional guidelines. We partner with niche lenders who offer non-warrantable condo loans tailored to the unique nature of these properties.


Depending on your situation and the property details, our loan programs may offer:


  • Down payment options starting around 20–25%
  • Fixed or ARM interest rates
  • Support for condotel-style properties and other unique buildings
  • Programs for U.S. citizens and foreign nationals
  • Quick turnaround times and experienced underwriting


If you’ve been turned away by a traditional bank, we encourage you to bring us the details. We’re often able to find solutions others miss.

Great for Buyers in Florida & Beyond

Our non-warrantable condo programs are ideal for:


  • Vacation home buyers purchasing in buildings with rental activity
  • Real estate investors looking at high-rental condos or condotels
  • Foreign nationals interested in Florida or coastal real estate
  • Primary or second home buyers whose buildings don’t qualify under standard rules


From Miami Beach to Myrtle Beach, if the condo is non-warrantable, we can likely help.

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.

Two overlapping speech bubbles, one with a question mark.

Frequently Asked Questions

  • What makes a condo non-warrantable?

    A condo is considered non-warrantable if it doesn’t meet the risk guidelines of Fannie Mae or Freddie Mac. Common reasons include the building allowing short-term rentals, a high number of investor-owned units, pending litigation, or insufficient HOA reserves. Each of these factors increases risk from a lender’s perspective, which limits traditional financing options.

  • Can I still get a mortgage on a non-warrantable condo?

    Yes, but you’ll need to work with a lender that offers non-warrantable condo loans. These programs have different guidelines and may require a higher down payment or stronger credit profile. At CTC Mortgage, we work with lenders who specialize in these types of properties and can often help when other lenders can’t.

  • Do I need to live in the condo full-time to qualify?

    Not necessarily. Many non-warrantable condo programs allow for second homes or investment properties. However, the building’s use (short-term rentals vs. owner-occupied) will play a role in qualification, so it’s important to discuss your goals and the property’s setup with a loan expert.

  • Are interest rates higher for non-warrantable condo loans?

    Interest rates can be slightly higher than conventional loans due to the added risk. That said, our team works hard to secure the most competitive rates possible through our network of specialty lenders. We also provide full transparency on costs and compare available options for you.

  • Can I get a non-warrantable condo loan in states outside Florida?

    Yes. While Florida is a popular market for non-warrantable condos and condotels, we also offer these loans in Georgia, North Carolina, South Carolina, and select other states. If you’re unsure about the property’s eligibility, we’ll review the details and let you know what’s possible.