Non-Warrantable Condominiums are residential properties that cannot be backed by Fannie Mae or Freddie Mac, the two government-sponsored entities that support the vast majority of mortgages in the United States. This is due to a variety of reasons, such as the complex ownership structures of the community, a high number of tenant occupants, unresolved litigation, or other factors that make it difficult for lenders to assess the risk associated with the property. Non-warrantable condos can be a viable option for buyers who are looking for affordable or highly specialized housing options, but they may require a higher down payment, a higher interest rate, and stricter lending guidelines compared to traditional mortgage options.  It’s important to work with a knowledgeable lender who can guide you through the process of securing financing for a non-warrantable condo and ensure that you make an informed decision.