Non-warrantable? No problem.

Northpointe's Non-Warrantable Condo program offers financing options for borrowers interested in condo projects that may not meet conventional program requirements. Often, a condominium is considered non-warrantable when phases of the condo development are not complete.

Reasons a condominium might be considered non-warrantable:
  • Less than 90% of the total units have been conveyed to owners
  • A single person or entity owns more than 10% of the units
  • Developments in which more than 20% of units are commercial or mixed use
  • Developments that have a higher concentration of renters
  • All units and common areas are not complete
  • The development is subject to future phases and construction
  • The developer has not turned over control of the association to the unit owners

  • Primary residence or second home
  • Maximum loan amount up to $1,500,000
  • Fixed-rate and adjustable-rate options
  • Reduced down payment options with mortgage insurance available

This is not a commitment to lend. All loans are subject to credit review and approval. Other terms and conditions may apply.