Condo financing answer
Does non-warrantable mean a Florida condo is cash only?
Short answer
No. Non-warrantable generally means a condominium project does not meet a particular agency’s eligibility requirements for a conventional mortgage path. Other portfolio or specialty financing may exist. The buyer’s lender decides loan and project eligibility, so sellers should identify likely friction early without promising approval.
Last verified August 4, 2026The project can matter as much as the borrower
A well-qualified buyer may still face a project-level review. Fannie Mae identifies conditions such as critical repairs or significant deferred maintenance, inadequate master insurance, and certain significant litigation as potential eligibility problems. Freddie Mac’s project findings are lender-facing; a “Not Eligible” finding means Freddie Mac will not purchase the proposed mortgage.
“Non-warrantable” does not mean structurally unsafe, legally unsellable, or universally cash-only. Those are different conclusions made by different parties.
Buyers can use the lender-question guide to match a financing conversation to the exact project issue. The cash-marketing guide addresses whether to market the unit for cash after financing has been declined. The assessment payment-plan guide covers installments; project eligibility remains the lender’s separate question.
What a seller can prepare
- Current budget, financials, and reserve information
- Master insurance declarations and applicable coverage information
- SIRS, milestone, engineering, and repair records that exist
- Assessment notices, balances, schedules, and board minutes
- Litigation information available through the association or counsel
- Association questionnaire or project-review material requested through the proper channel
Who decides what
| Seller and broker | Prepare and disclose known information; position the sale; evaluate offer risk. |
|---|---|
| Association | Maintains and provides its records through applicable processes. |
| Buyer and lender | Select the loan path and determine borrower and project eligibility. |
| Title and legal professionals | Address title, contract, estoppel, litigation, and legal questions within their roles. |
Evidence ledger
Read the sources.
Education only—not legal, tax, lending, engineering, or title advice. Association records, contracts, statutes, and professional guidance control the result.
Direct broker guidance
Bring the complication.
Build the sale plan.
Call (561) 929-5276 or email Alexandradupont7@gmail.com. You reach Alexandra directly.