Because FNMA would not purchase mortgages secured by non-warrantable condominiums, many banks consider these condos to be more risky, and thus increase the interest rate accordingly.
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activerain.com/blogsview/560254/what-is-a-non-warrantab...
activerain.com/blogsview/560254/what-is-a-non-warrantable-condo-
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Non-warrantable condo financing can give brokers flexibility when working with condo buyers and can be a way to avoid certain roadblocks toward getting a loan completed. ... You may have heard about non-warrantable condo financing and have wondered how it can be useful. Imagine this scenario: You're a broker. You just land...
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www.ired.com/news/mort/nonwarrantablecondo.htm
www.ired.com/news/mort/nonwarrantablecondo.htm
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What is a non-warrantable condo and how does it differ from a regular condo. ... ; That means that about 80%+ condo projects in Florida are NON-WARRANTABLE.
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forum.brokeroutpost.com/loans/forum/2/22701.htm
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Condominiums that DO NOT FIT into one of these three classes are considered NON-WARRANTABLE CONDOS: CLASS I; 1. Developers control of the homeowners association has not yet terminated; 2. Project may be subject to phasing or add-ons which have not yet been completed;
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www.lendermark.com/non_warrantable_condos.htm
www.lendermark.com/non_warrantable_condos.htm
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You may have heard about non-warrantable condo financing and have wondered how it can be useful. Imagine this scenario: You're a broker. You just land the opportunity to finance 10 units of a large new condominium development off the coast of South Carolina.
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www.americanchronicle.com/articles/12270
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Hi guest, Warrantable condominium projects are fully completed. The common areas are insured, and most of the units are owner-occupied and no one person owns more than 10% of the units. Warrantable Condos receive better rates and terms than...
http://www.mortgagefit.com/know-how/condo.html
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Condominium financing options explained by a Loan Officer ... Condominium financing programs are available for high rise condominiums and for condominiums whose owner occupancy ratios are below 50%. These are commonly called "non-warrantable" condominiums and will be just a bit more difficult to find financing for.
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www.nva-mortgage.com/condominium_financing.htm
www.nva-mortgage.com/condominium_financing.htm
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On Line Purchase, Refinance & 2nd Mortgage Pre-Qualification ... Non Warrantable Condos; (Non Fannie Mae or Freddie Mac Approved) ... 50% of all units, common areas and facilities within the project must be completed...
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www.consolidatedmortgage.cc/Non_Warrantable_Condos.html
www.consolidatedmortgage.cc/Non_Warrantable_Condos.html
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(Non Fannie Mae or Freddie Mac Approved ... For Properties In States Other Than Maryland,; please return to LowRateMortgages.com home page! ... Non Warrantable Condos...
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www.lowratemortgages.com/Non_Warrantable_Condos.html
www.lowratemortgages.com/Non_Warrantable_Condos.html
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