Flexible financing for condos that don’t meet conventional guidelines

Not every condo qualifies for traditional mortgage financing. If you’ve found a great unit in a building that’s brand new, has short-term rentals, or high investor ownership, you may need a non-warrantable condo loan. We offer non-warrantable condo loans in Colorado to help buyers navigate these more complex transactions with confidence.

At Choice Mortgage Group, we work with buyers and real estate agents across Denver, Aurora, Boulder, Castle Rock, and the surrounding areas to secure financing for condos that don’t meet Fannie Mae or Freddie Mac guidelines.

What is a non-warrantable condo?

A non-warrantable condo is a condominium unit in a project that doesn’t meet standard Fannie Mae or Freddie Mac rules for conventional loans. Common reasons a condo might be considered non-warrantable include:

  • Too many short-term rentals (like Airbnb/VRBO)
  • High percentage of non-owner-occupied units
  • One investor owns more than 10% of the units
  • Pending litigation in the condo project
  • Incomplete or newly built project with limited sales
  • HOA with financial or legal red flags

You can read more on Fannie Mae’s condo eligibility guidelines here

How we help with non-warrantable condo loans

We work with a wide range of lenders who offer:

  • Portfolio and non-QM condo financing
  • Bank statement loans or asset-based options
  • Jumbo and conventional loan alternatives
  • Loans for second homes and investment condos
  • Flexible documentation options

Whether you’re buying a ski condo in Breckenridge, a high-rise in downtown Denver, or a second home in Boulder, we’ll help you find a loan that fits even if the building isn’t Fannie-approved.

Who needs a non-warrantable condo loan?

You may need this type of financing if:

– The condo isn’t on the Fannie/Freddie approved list
– The HOA has pending lawsuits or structural issues
– The project is new, with fewer than 50% units sold
– The unit is in a vacation or investor-heavy building

We’ll help review the HOA docs, confirm project status, and guide you through your loan options.

If you’re buying or refinancing a non-warrantable condo anywhere in Colorado, we can help you close smoothly with no surprises at underwriting.

Call or text us at 303-670-0137, email rbaxter@choicemortgage.com, or request a custom condo quote. We’ll help you navigate the complexity with confidence.

*Loan options and program guidelines current as of May 2025