Warrantable and Non-Warrantable Condos
The difference between warrantable and non-warrantable condos primarily relates to whether a condominium project meets the eligibility requirements set by Fannie Mae, Freddie Mac, or other government-backed entities like the FHA (Federal Housing Administration) and VA (Veterans Affairs). These classifications impact the availability of financing for buyers.
Warrantable Condos
A warrantable condo meets the lending guidelines set by Fannie Mae and Freddie Mac, making it easier for buyers to secure conventional financing. To be considered warrantable, a condo project typically must meet the…
The skinny
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