Home / Programs / Non-warrantable condos
Updated September 2026
Condos
Non-warrantable condos. No HOA reserve rule. No investor cap.
Warrantable condo rules kill a lot of investor buildings. This program does not use an HOA budget reserve requirement and does not use an investor-concentration cap. Income documentation can be done more than one way, including the DSCR and bank-statement paths where those programs allow the condo. Non-warrantable is also allowed on the bank-statement HELOC. The building can be the problem retail used. It still has to be a property we can actually close. Litigation and condition can still stop a file.
The screen
| Condo overlay | This program |
|---|---|
| HOA budget reserves | Not required |
| Investor concentration | No cap |
| Income docs | More than one option |
| HELOC | Non-warrantable allowed on bank-statement HELOC |
What we fund
- Investor-heavy condo buildings
- HOAs that fail a warrantable checklist
- DSCR or bank-statement files in those buildings
What we still need. Short list.
- A condo questionnaire or the facts that replace it
- The income path you actually qualify on
- Confirmation the project is still closable
Questions
Does no investor cap mean any building?
It means we do not apply that cap. Safety, litigation, and insurance can still kill a project.
Can this be a DSCR loan?
Yes when the DSCR program accepts the condo and the rent qualifies.
Can it be a HELOC?
Bank-statement HELOC allows non-warrantable condos.
Related
These are the guidelines we screen. They are not a promise that your file hits the maximum. Credit-event seasoning, occupancy, and property condition still have to be confirmed. Not a commitment to lend. We text. We do not call.