How can you find out if a condo is warrantable or non-warrantable?
Identifying a condo as warrantable or non-warrantable isn’t always simple. Lenders must research a condo project before issuing a mortgage, and real estate agents might or might not know a community’s classification.
You can, however, visit the U.S. Department of Housing and Urban Development’s (HUD) website to find FHA-approved condominiums by location or name. Unfortunately, neither Fannie Mae or Freddie Mac provides a list of warrantable condo communities.
