Old Town Square
Non-Warrantable
This project does not meet agency guidelines. Portfolio or non-QM lenders required.
41
/100
Risk Score
LowHigh
Issues Found (2)
- HOA has pending litigation — agency financing disallowed
- Reserve funding is 9% of budget — below the 10% Fannie Mae floor
Association Signals
Owner-Occupancy
55%
✓ Above 50% threshold
Investor Concentration
30%
✓ Within 35% cap
Reserve Funding
9%
✗ Below 10% floor
CPM Status
Eligible
✓ Eligible
Pending Litigation
Yes
✗ Disqualifying
Master Insurance
Adequate
✓ OK
Special Assessment
None
✓ Clear
Deconversion / Receivership
No
✓ Clear
Portfolio Lenders for IL (6)
These lenders specialize in non-warrantable and portfolio condo financing in IL. Verify programs directly before applying.
A&D Mortgage
Non-QM condos; DSCR investor loans; foreign national & bank statement programs
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Angel Oak Mortgage
Non-QM & non-warrantable condo loans; bank statement; DSCR investor programs
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Deephaven Mortgage
Non-QM condos; expanded guidelines for litigation & low-reserve buildings
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First National Bank of America
Portfolio condo loans; self-employed & non-warrantable specialist nationwide
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Verus Mortgage Capital
Portfolio non-warrantable condo financing; jumbo & DSCR investor programs
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Wintrust Mortgage
Midwest portfolio condo; low-reserve & deconversion-risk buildings considered
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Data is for informational purposes only. Always verify warrantability with your lender before closing.
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