Non-Warrantable Condo Explained: The Hidden Rate Cost

If your lender or agent just said the words non-warrantable condo and your stomach dropped, you're not the only one. I've had that exact conversation more times than I can count, and most of the time it's not the deal-killer people assume it is. I own a condo myself in Camarillo, CA, and I've sat in an HOA meeting and personally voted no on a special assessment because I knew exactly what it would do to financing for the entire complex. That kind of vote is what quietly turns a normal buildi...