How to Finance a Condo in Florida

Financing a condo in Florida is a question of matching the property to the right loan. This guide walks through the options, the down payments, and the order to do things in.

Required

Project Review

Min Down

Yes

HOA

Warrantability key

Florida

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NMLS# 1859012 · Equal Housing Lender

Condo · Financing Guide

How to Finance a Condo in Florida

The path to financing a condo starts with a pre-approval that accounts for the property's quirks, then matching it to the loan that fits — and shopping that loan across lenders. The biggest mistake buyers make is choosing the property before confirming it is financeable on the terms they expect. We reverse that order.

Financing a Florida condo means qualifying twice: you and the building. Lenders run a condo project review for warrantability, and Florida's post-Surfside reserve and inspection rules have made that review the make-or-break step.

A warrantable condo — adequate reserves, low investor concentration, no major litigation, manageable delinquencies — finances with conventional or FHA at low down payments. A non-warrantable condo needs a portfolio or non-QM loan, usually with more down. In Florida, failed milestone inspections and underfunded reserves are the common reasons a project fails review.

As a broker we know which lenders approve which Florida buildings and we order the project review early, before you waste an inspection on a unit whose building will not pass. That alone saves Florida condo buyers weeks.

Condo at a Glance

✓Both you and the building must qualify (warrantability).

✓Warrantable condos: conventional or FHA from 3% down.

✓Non-warrantable condos: portfolio / non-QM loans available.

✓Florida reserve and inspection rules drive project approval.

Read the full condo financing guide, or compare other angles: Requirements · FHA · Conventional · DSCR.

Condo Snapshot

Project ReviewRequired

Min Down3%

HOAYes

FloridaWarrantability key

How It Works

Apply Online

5 min · soft credit pull only

Match Loan

We shop lenders for the property

Processing

Our team handles paperwork

Typically 14–21 days

FAQ

How to Finance a Condo Questions

What is the best way to finance a condo?

Start with a pre-approval built around the condo's specifics, then shop the matching loan across lenders rather than taking the first quote. We handle both so the financing fits the property and your budget.

What makes a Florida condo warrantable?

A warrantable condo has adequate reserves, no major litigation, owner-occupancy and investor limits within guidelines, and low HOA delinquencies. Florida's milestone inspection and reserve-funding laws now weigh heavily. We pull the project review before you commit.

Can I get a mortgage on a non-warrantable condo?

Yes, through portfolio or non-QM lenders that approve the unit even when the project fails standard review. You usually need more down and accept a slightly higher rate. We match the building to a lender that will finance it.

Keep Going

Condo Guide Condo · Requirements Condo · FHA Condo · Conventional Condo · DSCR All Property Types Apply for Pre-Approval

How to Finance a Condo?

A licensed Florida mortgage broker who matches the loan to the property — 5-minute pre-approval, honest numbers.

(561) 300-0380

Figures are illustrative only and vary by property, credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.