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來源: hz82000 於 2024-06-25 15:40:46 [] [博客] [舊帖] [給我悄悄話] 閱讀數 : (1460 bytes)

To put it simply, a warrantable condo is one that’s approved by the two government-sponsored enterprises (Fannie Mae and Freddie Mac), as well as condos that are eligible for government-guaranteed financing (FHA and VA). Typically, warrantable condos aren’t as risky for lenders, so it’s easier to get financing for these types of properties.

To be “warrantable” a condo community must meet certain requirements. For example, the condos can’t be part of a timeshare, and at least half of the units must be owner-occupied. In addition, the community must contribute at least 10% of its annual budget to its reserve account every year.
 

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