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Warrantable/Non-Warrantable Condo

Warrantable/Non-Warrantable Condo

What is a Non-Warrantable Condo?

  • The larger condo project is not yet complete.
  • The condo development allows short-term rental units and/or the majority of units in the condo project may be rentals.
  • The condo project’s developer is still in control of the owner’s association.
  • A single person or entity owns more than 10% of all condo units in the building or development.
  • Units in developments where more than 25% of the space is used commercially.
  • The condo project is involved in litigation of any kind.
  • The budget reserve is less than 10%

Non-warrantable condominiums may be challenging to finance, but it’s certainly not impossible.


Typically, a condo is considered warrantable if:

  • No single entity owns more than 10% of the units in a project, including the developer
  • At least 51% of the units are owner-occupied
  • Fewer than 15% of the units are in arrears with their association dues
  • There is no litigation in which the homeowners association (HOA) is named
  • Commercial space accounts is 25 percent or less of the total building square footage
  • The Budget has 10% Reserved amount


Lafayette – LA –Mortgage
Youngsville – LA –Mortgage
Lake Charles – LA –Mortgage
New Orleans – LA –Mortgage
Shreveport – LA –Mortgage
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