Why Your Condo Loan Was Denied (It Is Not You)

October 12, 2026

100+ MORTGAGE LENDERS, SO YOU GET THE BEST.

BARE BONES CLOSING COSTS. NO JUNK FEES.

CUSTOM GUARANTEES FOR EVERY SITUATION.

BENEFITS YOU'LL NOT FIND ANYWHERE ELSE.

HAVE BANKS COMPETE FOR YOUR BUSINESS.

Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies

Published By

David Ghazaryan

Owner / Broker / Banker

Contact Me At

(702) 766-3744

NMLS 1486726

TL;DR

A non-warrantable condo is part of a complex that does not meet the strict underwriting criteria of major mortgage backers like Fannie Mae and Freddie Mac, making conventional financing unavailable.

Common Causes: Issues that can trigger this classification include a high percentage of renters, significant litigation against the developer, or an unhealthy financial status of the Homeowners Association (HOA).
Financing Solution: The primary alternative is a portfolio loan, which is kept on the lender's own books. This allows the lender to use more flexible, internal guidelines to approve the mortgage.
Borrower Impact: Securing a portfolio loan typically requires a larger down payment and may come with a higher interest rate to compensate the lender for the increased risk.

Read the full blog article here: https://www.iqratemortgages.com/blog/financing-a-non-warrantable-condo-in-nevada

Video Transcript:

Your perfect condo loan was just denied; it’s the building. My name is David Ghazaryan. I use different lending rules. Too many renters means the big lenders will say no. We use our own money so we make the rules. The trade-off is more money down and a higher rate. Find my full article and social media in the description.

Read Blog Here: https://www.iqratemortgages.com/blog/financing-a-non-warrantable-condo-in-nevada

David Ghazaryan

Smart, Strategic, and Stress-Free Mortgages
- Expertly Crafted by David Ghazaryan

Take the Next
Step Today

or Schedule a Free Consultation

Prefer to speak with someone? Call us at (702) 766-3744

Big iQRATE Mortgage Icon