A great investment condo deal can die the moment a conventional lender flags the building non-warrantable. DSCR loans qualify on the property’s rental income and generally aren’t bound by the same agency condo rules. Here’s what still gets checked, and the red flags that can trip up even a DSCR approval.
Your condo qualifies. Your BUILDING doesn’t. Over 1,400 Florida condo buildings are currently on Fannie Mae’s ineligible list here’s what non-warrantable actually means, why it’s happening to more buildings every month, and how to finance the purchase anyway.
Your credit is perfect. Your income is solid. And the lender just told you they can’t do the loan because the building is “non-warrantable.” What does that even mean — and what are your options? Florida’s condo financing rules changed significantly in 2026. Here’s your complete guide.