Residential
Non-Warrantable Condo in Southlake, TX
What is a Non-Warrantable Condo? Non-Warrantable Condo is a specialized mortgage solution offered by CMRE for real estate financing. This program provides tailored terms, flexible underwriting, and expedited closing timelines to meet the unique needs of property buyers and investors in Southlake, TX.
Secure your Non-Warrantable Condo in Southlake with a lender who understands the local landscape. We serve all of Tarrant County, including undefined and undefined, offering fast approvals and personalized service.
Key Facts About Non-Warrantable Condo
CMRE Non-Warrantable Condo offers competitive rates for qualified borrowers.
CMRE processes Non-Warrantable Condo in 21-30 days from application.
CMRE offers cross-collateral options for Non-Warrantable Condo.
CMRE Non-Warrantable Condo accepts alternative income documentation for self-employed.
CMRE processes Non-Warrantable Condo in 21-30 days.
CMRE Non-Warrantable Condo accepts alternative income documentation.
CMRE Non-Warrantable Condo available for primary, second home, and investment.
Program Benefits
Access financing for non-warrantable condos that may be excluded by other lenders.
Competitive rates, starting at 6.875%, tailored to your financial situation.
Lower down payment options available, with LTVs up to 97%.
Streamlined application process for quick approvals.
Expert guidance from our experienced mortgage specialists.
Ideal for investors or those seeking unique condo properties.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
55%
Loan Amount Range
$75K - $2M
Amortization Options
Eligible Properties
- Condo
Program Requirements
Income Documentation
- •Stable and verifiable income history required.
- •Acceptable debt-to-income ratio (DTI).
- •Proof of income documentation (pay stubs, tax returns, etc.).
Asset Verification
- •Sufficient assets for down payment and closing costs.
- •Verification of funds through bank statements.
- •Reserves may be required depending on loan amount and risk profile.
Insurance & Title
- •Hazard insurance coverage required.
- •Flood insurance may be required depending on the property location.
- •Condo association insurance verification.
Property Requirements
- •Minimum FICO score of 620 required.
- •Review of credit history to assess risk.
- •Explanation for any derogatory credit events.
Non-Warrantable Condo in Southlake: The Complete Guide
What Is Non-Warrantable Condo?
A non-warrantable condo is a property within a condominium complex that doesn't meet the lending guidelines of Fannie Mae or Freddie Mac. This can be due to a variety of factors, such as a high percentage of units owned by a single entity, ongoing litigation, or low owner-occupancy rates. Despite these factors, non-warrantable condos can still be excellent investment opportunities or a great way to achieve homeownership. CMRE specializes in providing financing solutions for these types of properties.
Who Qualifies for Non-Warrantable Condo?
- •Income documentation varies: W-2, 1-Year Tax Return (Freddie Mac), bank statement, VOE-only, or P&L options available through CMRE.
- •Credit requirements depend on specific Non-Warrantable Condo guidelines — CMRE evaluates your full profile.
- •Down payment assistance programs can be combined with Non-Warrantable Condo for eligible borrowers.
- •Cross-collateral options: leverage existing property equity to reduce your down payment.
Non-Warrantable Condo vs. Other Options
- •CMRE compares Non-Warrantable Condo against FHA, VA, and other residential programs to find lowest total cost.
- •Factors: credit score, down payment, self-employment status, property type, ownership period.
- •For self-employed: CMRE's VOE-only and P&L programs may provide better qualification.
- •CMRE runs multiple scenarios and recommends the program with best long-term value.
Apply for Non-Warrantable Condo with CMRE
- •Step 1: Pre-qualification online, by phone, or via Instant Advisor.
- •Step 2: Pre-approval with documentation — issued within 24 hours.
- •Step 3: Property search — CMRE coordinates with your agent.
- •Step 4: Processing and underwriting in 14-21 days.
- •Step 5: Closing in 21-30 days total from application.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
Est. Monthly Payment in Tarrant County
$1,631/mo
Based on $340,000 median · 20% down · P&I only
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Est. Monthly Payment in Tarrant County
$2,212/mo
Based on $340,000 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Live Market Data: Tarrant County
Source: Redfin · 2026-01-31Median Sale Price
$340,000
Median List Price
$355,185
Price / Sq Ft
$177.936
Days on Market
66
Active Listings
5,483
Homes Sold
1,159
Sale-to-List Ratio
97.5%
2025 Conforming Loan Limits: TARRANT
1-Unit (SFR)
$806,500
2-Unit (Duplex)
$1,032,650
3-Unit (Triplex)
$1,248,150
4-Unit (Fourplex)
$1,551,250
Source: FHFA 2025 Conforming Loan Limits. Loans above these limits require jumbo financing.
Non-Warrantable Condo in Southlake, TX
Tarrant County's Fort Worth market is the quieter, more grounded counterpart to Dallas across the metroplex. The median sale price of $340,000 is essentially flat year-over-year (down 0.7%), with 5,483 active listings and a 66-day average days on market — the fastest market velocity among our three major Texas counties. The 97.5% sale-to-list ratio reflects a market where pricing is accurate and concessions are modest, suggesting Tarrant is closer to equilibrium than either the elevated surplus in Harris or the inventory overhang in Travis.
Fort Worth's manufacturing, logistics, and defense employment base — anchored by Lockheed Martin, American Airlines, and a major BNSF Railway hub — creates stable, W-2-dominated income profiles that are highly bankable across conventional and FHA programs. The $806,500 conforming limit covers every Tarrant transaction with significant room to spare. New construction activity in Mansfield, Burleson, and Keller has added supply without crashing the market, creating a healthy equilibrium that benefits buyers and sellers alike.
Tarrant County's borrower base is predominantly blue- and white-collar W-2 employees tied to the county's manufacturing, transportation, and aerospace employment. Defense contractor employees from Lockheed, Bell Textron, and the Air Force Reserve at NAS Fort Worth generate steady conventional and VA purchase volume. The first-time homebuyer segment is proportionally larger here than in Dallas County, reflecting Tarrant's relative affordability and strong community college and vocational training infrastructure creating younger household formation.
Pair a conventional 5% down loan with a rate buydown on new construction — Fort Worth builders are actively funding buydowns to move standing inventory.
Service Areas & Neighborhoods
Our Southlake Presence
Local Knowledge. Global Rates.
200 Crescent Ct
Dallas, TX 75201
Direct Line
877-976-5669Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
Get Your Numbers
Quick quote or detailed payment estimate — no credit pull
Quote Wizard
AI-Powered Rate Intelligence
Step 1: Loan Foundation
Mortgage Estimator
Principal & Interest Only
Common Questions About Non-Warrantable Condo in Southlake
A condo is considered non-warrantable if it doesn't meet the standard requirements set by Fannie Mae or Freddie Mac. Common reasons include a high percentage of renters, pending litigation, or financial instability of the HOA.
Yes, typically the interest rate is slightly higher to compensate for the increased risk associated with non-warrantable properties. However, CMRE strives to offer competitive rates, starting at 6.875%.
The minimum down payment can vary depending on the lender and the specific property. With CMRE, LTVs up to 97% are possible, allowing for a lower down payment.
Non-warrantable condos can present unique investment opportunities or provide access to desirable locations or amenities that may not be available with warrantable properties. They often come at a lower price point, offering excellent value.
Requirements vary. CMRE offers options as low as 3% for qualified borrowers and cross-collateral options that use existing property equity.
Yes. CMRE offers 1-Year Tax Return (Freddie Mac), bank statement, P&L, and VOE-only programs for self-employed.
CMRE typically closes in 21-30 days. Pre-approval within 24 hours.
Depends on program. CMRE also offers DSCR and bank statement investment-specific programs.
The current national 30-year fixed rate is 6.00% (Freddie Mac PMMS). Non-Warrantable Condo rates in Southlake vary by loan amount, LTV, and credit profile — CMRE provides locked quotes within 24 hours of application.
CMRE typically closes Non-Warrantable Condo loans in Southlake within 21-30 days from application. The Tarrant County market has seen home prices fall 0.7% year-over-year — buyers currently have more leverage, but rate locks still protect you from market moves. Our TX-licensed team coordinates title, escrow, and appraisal concurrently to minimize time-to-close.
All residential neighborhoods in Southlake and Tarrant County qualify for Non-Warrantable Condo through CMRE. The current median sale price in Tarrant County is $340,000, with homes averaging 66 days on market and prices down 0.7% year-over-year. Single-family homes, condos, townhomes, and 2-4 unit properties are eligible.
Yes. CMRE offers first-time homebuyer programs in Southlake including down payment assistance, 3% down conventional, and FHA 3.5% options. TX residents may also qualify for state-specific grants and bond programs.
Non-Warrantable Condo by Location
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