Single family detached residential, warrantable condos, PUDs, duplexes, 4-plexes, and multi-family (5 or more units).
Ineligible properties include: Residential with large acreage, raw land, farms, manufactured or log homes, *non-warrantable condos, condo-hotels, co-ops, time shares, hotels, senior or assisted living facilities, non-franchise restaurants, entertainment properties, mini-storage. Square footage must be 750+ (per unit) for condos and 900+ (per unit) for all other properties.
*Condominiums: Condos must meet the following minimum criteria to be considered warrantable. The project building must be 100% complete, including common areas. The units within the building must be 60% sold and 33% of all building units must be owner occupied or second homes (versus tenant occupied). Condos not meeting these criteria are not eligible under our non-recourse program.