Mortgage Navigator • Specialty Property

Property Condition Problems

Alternative borrower underwriting does not automatically solve a property that is unsafe, incomplete or unmarketable.

Condition still matters

Private investors may have different tolerance for deferred maintenance or cosmetic issues, but appraisal, habitability, insurance and collateral standards still apply.

Different solution

Substantial work may call for a renovation/construction-oriented product rather than forcing a standard non-QM loan to fit.

“Not agency eligible” does not always mean “not financeable.” It may mean the property falls outside a particular agency, condo-project, appraisal, or lender matrix. Private-investor and portfolio options can differ. Specialty financing is never guaranteed: property, valuation, title, insurance, zoning, occupancy, loan purpose and investor rules still control.

Agency reference points

Fannie general · Fannie special · Fannie condo · Fannie mixed · Freddie condo. These are agency reference points, not universal private-investor rules.