HomeGlossaryAs-Is Condition
Mortgage Glossary

As-Is Condition

Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

As-is condition means the seller will not make repairs, and the buyer accepts the property in its current state.

What As-Is Condition means

Florida's standard as-is contract still lets buyers inspect and cancel within an inspection period. But the seller is not obligated to fix anything. Buyers should budget for repairs and confirm that as-is issues will not block their loan type.

Florida example

A buyer purchasing an as-is Fort Myers home used the inspection period to uncover roof damage, then canceled because the FHA appraisal would have required repairs the seller refused to make.

What it means

An as-is sale means the seller will not make repairs. You buy the home in its current state.

You can still inspect it and back out if allowed by your contract.

What buyers should know

An as-is home can be a deal, but budget for repairs. A renovation loan can fold fixes into your mortgage.

We match as-is buyers to the right loan. Apply now and we will plan for the repairs.

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Official resources

Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.

Related Mortgage Terms

AssetsAssets are the funds and property a borrower owns, such as bank balances, investments, and retirement accounts, used to qualify for a loan.Assignment of MortgageAn assignment of mortgage is the legal transfer of a mortgage from one lender or servicer to another, recorded in public records.AssumabilityAssumability is a loan feature that lets a qualified buyer take over the seller's existing mortgage, including its interest rate and balance.
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