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https://merrimackvalleymarealestate.com - The risks of buying a non-warrantable condo in Massachusetts come with specific challenges when it comes to financing.  Non-warrantable condos do not meet eligibility criteria established by agencies like Fannie Mae, Freddie Mac, and the FHA, making it harder to obtain traditional loans. However, alternative financing options, such as portfolio loans, can be explored. Specialized lenders offer these loans experienced in financing a condo that cannot be conventionally finaced.  These condos may have ongoing litigation, operational issues, or a high concentration of investor-owned units, which can impact lenders and affect resale value. This article will dive into what a non-warrantable…
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