Can a non-warrantable condo qualify?

Frequently, yes. A condo is labeled non-warrantable when its project falls outside conventional standards, often because investors own a large share of the units, litigation is pending, one party controls many units, or the building includes substantial commercial space. Conventional lenders usually stop there, but investor-focused DSCR programs may review the project on its own merits and proceed anyway. Expect the underwriter to evaluate both the condo project and the property's rental cash flow, and expect terms to run somewhat more conservative than a detached rental would see, depending on the program. Project review standards vary by lender. If you have a specific building in mind, tell us about your condo scenario and we can gauge the fit.