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A&D Mortgage offers a range of financing solutions for new and established non-warrantable condominiums for borrowers who don’t meet Fannie Mae’s requirements.
A&D Mortgage offers a range of financing solutions for new and established non-warrantable condominiums for borrowers who don’t meet Fannie Mae’s requirements.
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Programs Loan Calculator Scenario RequestLIMITED VS FULL REVIEW AT-A-GLANCE
| Eligibility Requirements | Limited Review | Full Review |
| Owner Occupied LTV | ≤90% (≤75% in FL) | ≤90% |
| Second Home LTV | ≤75% (≤70% in FL) | ≤85% |
| Non-Owner-Occupied LTV | ≤75% (≤70% in FL) | ≤85% |
| Construction 100% complete | ✅ | ✅ |
| 75% of total units sold | ✅ | ✅ |
| Not operated as a hotel, motel or resort | ✅ | ✅ |
| No mandatory membership fees | ✅ | ✅ |
| Commercial space up to 35% | ✅ | ✅ |
| Single entity owns not more than 20% (projects with 2 to 4 units – 1 unit) | ✅ | ✅ |
| Capital reserves budget cap | None | 8% |
| Allowable maximum of investment properties | None | 75% |
| HOA dues cap | None | 15% |
| Maximum HOA income allowed for non-incidental business | None | 10% |
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