Purchasing a condominium can be an exciting opportunity, but financing one that’s classified as “non-warrantable” can sometimes feel like a daunting challenge. That’s where North Star Mortgage Network steps in to make the process smoother and more accessible.

If you’re exploring non-warrantable condominium financing, here’s why North Star Mortgage Network should be your trusted partner.

What Is a Non-Warrantable Condo?

A non-warrantable condominium is one that doesn’t meet the eligibility criteria set by Fannie Mae or Freddie Mac. This may occur for various reasons, such as:

• A high percentage of units being used as rentals or investment properties.
• Ongoing litigation within the condominium association.
• Inadequate reserves for maintenance and repairs.
• A single entity owning a large portion of the units.

While traditional lenders often shy away from these properties, North Star Mortgage Network specializes in finding solutions for unique financing scenarios like these.

Why Work with North Star Mortgage Network?

1. Specialized Expertise

Financing a non-warrantable condo requires in-depth knowledge of the nuances and challenges these properties present. Our experienced team understands the intricacies and will guide you through every step of the process.

2. Flexible Loan Options

We offer customized financing solutions tailored to your needs. Our portfolio lenders are more accommodating than traditional lenders, allowing us to secure the right loan for your unique situation.

3. Competitive Rates and Terms

Even for non-warrantable condos, we work hard to provide competitive interest rates and flexible terms. Our goal is to ensure you’re comfortable with your financing plan.

• Owner occupied purchase or refinance
• Maximum loan amount $806,500.00
• Minimum loan amount $50,000
• Credit scores 680 or higher
• Max LTV 80% on purchase or no cash out refi
• Terms – 5/6 ARM product

4. Personalized Customer Service

At North Star Mortgage Network, you’re not just another loan application. Our team takes the time to understand your goals and provides personalized solutions to help you achieve them.

5. Trusted Reputation

We’ve earned the trust of countless clients in the community, many of whom recommend us for our dedication, professionalism, and ability to deliver results. When it comes to non-warrantable condos, you can rely on us to help you succeed.

Let’s Make Your Dream Condo a Reality

Purchasing a non-warrantable condominium doesn’t have to be an uphill battle. With North Star Mortgage Network by your side, you’ll have access to the resources, expertise, and personalized support needed to secure the financing you need.

Ready to explore your options? Contact us today to speak with one of our experienced loan officers. Visit www.nsmn.com for more information, or give us a call to get started. Let’s turn your dream of owning a non-warrantable condo into reality!