Season 1 curriculum
Free roomThe Glossary - Learn the Language7 min · Janice

Lesson 5 · Glossary lesson

Warrantable vs Non-Warrantable

Separate borrower strength from condo project eligibility and lender appetite.

Scenario

A buyer is strong, the unit looks normal, and everyone assumes the condo is fine until the project review starts.

Learner Outcome

The member can explain that a condo has borrower, unit, project, and lender-appetite questions.

Skool summary

Warrantable does not mean the buyer is good. It means the project fits the applicable review path and lender appetite.

1

Plain-English definition

A warrantable condo generally fits the applicable agency or investor project-review requirements. Non-warrantable means the project has one or more characteristics that may push the file into a different product path or make it unavailable with a specific lender.

2

What changes the answer

Review type, occupancy, budget/reserves, insurance, litigation, special assessments, commercial space, delinquency, investor concentration, and single-entity ownership can all matter. The right question is always source, date, channel, and review type.

3

Partner-safe language

Say: 'The buyer may be strong, but the project still has to meet the applicable review requirements. I want to check that before we treat this like a normal single-family approval.'

Homework

  • Write a 90-second explanation of warrantable vs non-warrantable for a buyer agent.
  • List three project facts that could change the answer.