Warrantable, non-warrantable, and condotels.
Up to 90% LTV with a 700 FICO on warrantable condos, plus options for non-warrantable units and condotels — the segments that traditional lenders typically refuse to touch.
What we do — and what we don't. Local Loan Store™ specializes in commercial, investor, and non-owner-occupied lending plus secured & unsecured business working capital. We do not originate personal loans or owner-occupied residential mortgages. If your scenario is personal or owner-occupied, we'll happily refer you to a trusted partner who is ready to help — just submit your inquiry and we'll route it to the right desk.
Send the unit address and HOA contact — we order the condo questionnaire
We classify warrantable vs. non-warrantable and price accordingly
Order appraisal and title in parallel
Close in 25–30 days on most files
Worked examples using the program's actual LTV and qualifying rules. Numbers are illustrative — your file determines your final terms.
Investor buying a rental condotel in a resort market
Condotel funded where Fannie/Freddie won't go.
% of value financed at purchase — click a bar to open the program
USD millions — click a bar to open the program
Lower band = best-case pricing. Hover for details, click to open the program.
A condo is 'warrantable' when its HOA and project meet Fannie/Freddie standards (owner-occupancy ratio, single-entity ownership cap, reserves, no litigation, etc.).
Most rejections are project-level, not borrower-level — so a non-warrantable program lets a strong borrower close on a project that wouldn't fly through agency guidelines.
Condotels (condo + hotel rental program) are a non-warrantable subset — almost always require a specialty lender.
Quick answers about Condo Loans. Not seeing your question? Talk to a loan officer below.
Submit your scenario — a loan officer will confirm program fit and indicative pricing within one business day.
