Non-Warrantable Condo

Most simply put, the condo doesn't meet strict lending standards for FNMA (Fannie Mae) or FRMC (Freddie Mac).

Many sellers are told this means they have to list as "Cash Only" 

That really limits exposure and the pool of qualified buyers.

Let's be sure.

Your condo might still meet less stringent lending standards with other programs.

Too Many Rentals
More than 50% of units are investor-owned or rented, reducing owner-occupancy.

High Delinquency Rates
More than 15% of owners are behind on HOA dues, signaling financial instability.

Active Litigation
The condo association is involved in a lawsuit, especially structural or financial disputes.

Underfunded Reserves
The HOA budget lacks sufficient reserve funds or doesn’t meet the 10% reserve contribution guideline.

Master Insurance Certificate (Required)

Including liability, hazard, and flood (if applicable)

Must show adequate coverage per unit

Most Recent HOA Budget

(Required)

To assess reserve contributions 

Typically ≥10% preferred, but not always required for non-warrantable loans.

Other Information (Helpful)

• Completed condo questionnaire

• Articles of incorporation/bylaws

• HOA delinquency report

Why Submit a Pre-Financing Review to One Stop Mortgage?

Because it puts you in control. 

By having your condo building reviewed up front, you’ll know exactly what financing options are available before you list. 

That means fewer surprises, a larger pool of qualified buyers, and less risk of falling out of contract. 

One Stop specializes in non-warrantable condo financing—so if there’s a way to make your unit financeable, they’ll find it.