Many brokers think that securing loans for non-warrantable condos is too complicated. But don’t let this myth stop you from working with clients who want to purchase or refinance condos that fall outside agency criteria. AD Mortgage offers greater flexibility*, making Non-Warrantable condos not only possible but also simple.
What Problems Do Brokers Face with Non-Warrantable Condos?
Non-Warrantable condos can be difficult to finance through conventional loans as they do not meet specific criteria set by agencies such as Fannie Mae and Freddie Mac. Compared to agencies, AD Mortgage offers more adaptable terms.
For brokers, securing financing for Non-Warrantable condos might be challenging as fewer lenders work with them, and the overall process tends to be more complicated and time-consuming.
AD Mortgage Offers Non-QM Loans for Non-Warrantable Condos
We understand this challenge and provide an efficient solution. With Non-QM programs, our partners get additional flexibility, allowing them to serve a wider client audience and close more deals than others cannot.
Why add Non-Warrantable condos to your portfolio?
- Expand Your Pipeline. As Non-Warrantable condos make up a majority on today’s market, avoiding them completely means missing out on potential clients. Serving those who want to purchase or refinance Non-Warrantable condos is a sufficient opportunity to attract new clients.
- Close Complex Deals Faster. Our partners have greater flexibility in how to structure a loan, with both Limited and Full Review available. While Limited Reviews are the best fit for low-risk projects, Full Reviews help partners close loans on more complex properties. No matter which underwriting path you follow, you can close deals fast, with fewer delays.
- Keep Business In-House. There is no need to turn away deals that might be declined by other brokers. Closing Non-Warrantable condo loans also improves client retention and gives you full control over your business.
- Partner with a Lender that Says YES. AD Mortgage makes Non-Warrantable condos possible under Non-QM programs. With 20 years of expertise, we offer tailor-made solutions that move your business forward. Empower your business with a partner who streamlines your workflow and helps you close more deals with confidence.
Partner with AD Mortgage, a leading Non-QM lender that offers over 20 programs and full-time support to serve clients efficiently.
*With restrictions per Non-QM guidelines.
