Condo Buyer Mortgage Solutions
Warrantable and non-warrantable condo financing — we know the nuances other lenders miss.
Overview
Buying a condo comes with unique lending requirements that most buyers don't expect. The condo project itself must meet specific lender standards — owner-occupancy ratios, HOA reserve funding, litigation status, and more. If the project doesn't meet these standards, it's classified as "non-warrantable" and traditional lenders can't finance it. Airus Lending works with programs that handle both warrantable and non-warrantable condos.
Common Challenges
Here's what often makes financing harder — and how we solve it.
Project Approval
The condo complex must be reviewed and approved — not just the individual unit.
Non-Warrantable Issues
Low owner-occupancy, pending litigation, or single-entity ownership can make a condo non-warrantable.
HOA Financial Health
Underfunded reserves or high delinquency rates can affect financing eligibility.
Recommended Programs
Loan programs designed for your situation.
Qualification Tips
Ask your advisor to check condo project eligibility before you fall in love with a unit.
Request the HOA budget and reserve study — lenders will need these documents.
Check the owner-occupancy ratio — many insurers require at least 50-51% owner-occupied.
If the project is non-warrantable, be prepared for 20-25% down and non-QM terms.
How to Get Started
Your path to homeownership — simplified.
Project Review
We check whether the condo complex meets lender standards.
Pre-Approval
You know your budget and whether the project qualifies before making an offer.
Close
We manage the HOA documentation and condo-specific requirements through closing.
Frequently Asked Questions
Common reasons include: single entity owns 10%+ of units, less than 50% owner-occupied, pending litigation, underfunded reserves, or hotel/condo project structure.