Finance
A NH property with a non-warrantable condominium designation (e.g., over 15% investor-owned or involved in litigation) may:
ABe eligible for all FHA loan programs
BRequire portfolio financing since it doesn't qualify for conventional conforming loans✓ Correct
CBe valued higher than warrantable condos
DBe automatically exempt from all reserve requirements
Explanation
Non-warrantable condominiums don't meet Fannie Mae/Freddie Mac guidelines (due to high investor concentration, pending litigation, or other issues). Buyers typically need portfolio loans — which may require larger down payments and have higher rates.
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