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ClearPath™ Application Process

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Non-Warrantable Condo

Non-Warrantable Condos don’t meet Fannie Mae or Freddie Mac guidelines, making them ineligible for conventional financing.

Non-Warrantable Condo

At Murray Mortgage Solutions, we guide clients through the complexities of purchasing or refinancing a non-warrantable condo. These properties are considered higher risk by traditional lenders due to factors such as a high percentage of investor-owned units, active litigation against the homeowners association, or insufficient financial reserves in the HOA.

Since non-warrantable condos don’t qualify for standard conventional loans, borrowers must seek alternative financing solutions—often with slightly higher interest rates, stricter qualification requirements, or different down payment structures. However, with the right Mortgage Broker, these challenges can be navigated successfully.

Not sure which loan option is right for you? As a Mortgage Broker, we take a single application and use it to pre-qualify you for a variety of loan types, ensuring you receive the best possible financing solution for your unique situation. With our ClearPath™ application system, you have full transparency and flexibility, allowing you to move forward with confidence.

Highlights

  • Designed for condo units that do not meet Fannie Mae/Freddie Mac guidelines

  • Common issues: high investor concentration, ongoing litigation, or low HOA reserves

  • Requires specialized lenders with flexible guidelines

  • Ideal for buyers of vacation homes, investment condos, or unique properties

*Information provided is for educational purposes only and is subject to change. All loan programs, interest rates, down payment requirements, and terms are subject to credit approval, underwriting guidelines, investor requirements, and may change without notice. Not all applicants will qualify. Restrictions may apply, including but not limited to geographic limitations, property type, and occupancy requirements.

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