A Non-Warrantable Condo Loan. When The Project Does Not Fit The Box.
Loans from $150,000 to $3.5 Million on non-warrantable condominium projects, for a primary residence, second home, or investment property.
Financing for non-warrantable condominiums.
However the project is classified, there’s likely a path that fits.
- Loans from $150,000 to $3.5 Million
- Projects that fall outside standard requirements
- Condo buyers turned down elsewhere
- Purchase or refinance primary, second, and investment condos
- Purchase, rate-and-term refinance, and cash-out available
- Fixed and adjustable rate options
- Financing to 80% of value on a non-warrantable project*
Loans from $150,000 to $3.5 Million
Non-warrantable condominium projects
Primary, second home, or investment property
Rental income financing available on investment units
Purchase, rate-and-term refinance, or cash-out
Fixed-rate and adjustable-rate (ARM) options
What is the Saxton Non Warrantable Condo Loan?
A loan for condominium projects that fall outside standard requirements
The Saxton Non Warrantable Condo Loan finances units in projects that do not meet standard secondary market requirements, whether because of investor concentration, commercial space, litigation, or budget reserves.
Loans run from $150,000 to $3.5 Million, generally starting around a 660 credit score. Rental income financing on a non-warrantable investment unit is available up to $2 Million.
Use it to purchase a condominium, refinance your current mortgage, or take cash out of your equity, in a project that a standard program will not finance.
Why choose the Saxton Non Warrantable Condo Loan?
Built for buyers whose condominium project does not meet standard guidelines.
High Investor Concentration
A project with too many rented units to qualify under standard guidelines.
Litigation In The Project
Pending litigation does not automatically end the transaction here.
Commercial Space On Site
Mixed-use buildings with retail or office space on the lower floors.
Low Budget Reserves
Projects whose reserve funding falls short of standard requirements.
Cash Out On A Condo
Access equity in a unit a standard program will not refinance.
When Agency Says No
A project that fails agency condo review is not a dead deal here. It is the whole point of the program.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about condominiums agency guidelines reject.
Common reasons include a high share of rented units, pending litigation, significant commercial space, insufficient budget reserves, or a single owner controlling too many units.
Loans run from $150,000 to $3.5 Million on this program. Rental income financing on a non-warrantable investment unit is available up to $2 Million.
Yes. Non-warrantable units can be financed as investment property, including on the rental income the unit produces.
This program generally starts around a 660 credit score.
The project review is more detailed, since the reasons a project falls outside standard requirements have to be documented and assessed.
Yes. Cash-out refinancing is available, with limits that vary based on the equity remaining in the property.
Cooperatives are financed under a separate Saxton program. Most rental income programs do not accept them, though at least one lists cooperatives among its eligible property types.
Find out what you qualify for
Whether the project has too many rentals or an open lawsuit, there’s likely a Saxton Non Warrantable Condo Loan option that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.