Condo Financing in Florida

Condos need project approval — not just borrower approval

In South Florida, many purchases are condos. Lenders review both you and the condo project: reserves, owner-occupancy mix, litigation, insurance, and commercial space. A condo that isn't approved for Fannie Mae/Freddie Mac is often called non-warrantable.

• Warrantable condos — typically eligible for conventional agency financing
• Non-warrantable condos — often financed through Non-QM or specialty condo programs with different down payment and pricing
• FHA / VA — project or single-unit approval rules apply; check early

• Ask about reserves, special assessments, and milestone/structural inspection status
• Flood and HO-6 insurance quotes matter before you finalize numbers

Related: Conventional · Non-QM · FHA · Foreign national

Program availability, guidelines, and eligibility are subject to lender guidelines and eligibility, credit approval, income or asset verification, and property eligibility. This is not a commitment to lend and does not guarantee loan approval. See Disclosures.