Non-Warrantable Condo Loans, Actually Closed.
When Fannie and Freddie say no, we say: when would you like to close? Purpose-built financing for Chicago's most complex condominium buildings — with the transparency and speed your buyers and clients deserve.
Financing built for the buildings other lenders won't touch
- ✓ Loan amounts up to $3M+
- ✓ Condos, condotels, co-ops
- ✓ 30-year fixed & ARM options
- ✓ Vacation & pied-à-terre units
- ✓ High-rise & lakefront buildings
- ✓ Fast underwriting turn times
- ✓ DSCR-based qualification
- ✓ Short-term rental buildings OK
- ✓ Portfolio & LLC vesting
What is a non-warrantable condo?
A condo is warrantable when the building meets Fannie Mae and Freddie Mac guidelines — think owner-occupancy ratios, reserve funding, HOA delinquencies, and insurance requirements.
If the building misses even one check box, the entire property becomes non-warrantable — and every conventional lender in the country steps away - including your favorite bank or credit union. Deals fall out days before closing. Buyers lose earnest money. Realtors lose sleep.
That's the gap we fill. Portfolio, jumbo, and non-QM programs designed specifically for Chicago's most complex condominium buildings — from Streeterville and South-Loop high-rises, to Wicker Park conversions, North Shore condos and brand-new waterfront developments in Chicago.
Signs a building may be non-warrantable
If any of these describe the building, standard financing will likely fall through. That's when to call us first — not last - don't waste time and money with your bank, credit union, or any other conventional lender. Remember, NWC conditions occur not only in older condo buildings, but also brand new and everything inbetween.
Straight-line, no surprises.
Stop losing condo deals at the finish line.
I'll vet any Chicagoland building for you before you or your client write an offer. Free, no obligation. Your buyer keeps the earnest money. You keep the commission.
Questions realtors and buyers ask.
Let's talk about the building.
Send me the address and a few details. I'll come back with a straight answer on financing — usually sam.
Send me the address and a few details. I'll come back with a straight answer on financing.
Chicago non-warrantable condo specialists
Decades of combined experience with the exact building types that derail conventional financing.
Chicagoland-based mortgage advisor with over 20 years of experience in real estate financing, investment, and mortgage origination. Mark has personally owned and managed investment properties across multiple states, including as an AirBNB superhost, giving him firsthand insight into the investor-concentrated, condotel, and STR-friendly buildings that trip up conventional lenders. He specializes in matching Chicagoland non-warrantable condo buyers with the right portfolio, non-QM, and jumbo programs. Mark can be reached at mark.velicer@loanfactory.com or 224-456-4454.
37+ years as a residential loan expert and broker-owner, licensed across more than 20 states including Illinois. Craig's decades of experience with complex condo financing — investor-heavy buildings, mixed-use properties, and non-warrantable scenarios — bring depth of knowledge to every Chicago building we review, so deals that don't fit the conventional box still find a path to close. Craig can be reached at craig.barton@loanfactory.com or 310-374-9000.