This guide is part of my statewide financing library — the plain-English rundown of how each loan type works for Kentucky buyers, from Lexington subdivisions to Gorge cabins and everything between. I’m your agent, not your lender: programs described here come from licensed third-party lenders, and I’ll gladly introduce you to ones who know Kentucky.

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What You Can Use It For

• Buying a condo or townhome in a project that fails agency warranty review
• Purchasing in new or converted projects that haven’t reached sale thresholds
• Financing units in buildings with high investor concentration
• Refinancing out of expensive interim financing once you’re in the unit

Why Borrowers Choose It

• The project’s paperwork problems stop being your problem
• ITIN and SSN borrowers are both eligible — rare in condo lending
• Loan amounts up to $3MM cover nearly any Kentucky project and most resort markets
• Works for a primary residence or a second home

Program Highlights

• ITIN & SSN eligible
• Loans up to $3MM
• Finance up to 80% of property value
• Primary residence or second home
• Purchase or refinance

Highlights reflect lender program guidelines at the time of writing — programs change, and your terms depend on your full application.

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Where This Shows Up in Kentucky

Non-warrantable situations cluster in resort and college markets — new projects still selling out, buildings heavy with rentals, and condo-hotels. Kentucky buyers hit this in Lexington projects and in vacation markets in and out of state. If your Gorge-area purchase is a townhome in a small association, a quick project review up front tells us which lending lane it needs before you write the offer.

Common Questions

How do I find out a condo is non-warrantable?

Usually the hard way — mid-transaction, when the lender’s project review comes back. If you’re shopping condos, have the project reviewed early. If it fails, this program is the path that keeps your contract alive.

Do non-warrantable loans cost more?

Typically somewhat higher rates or down payments than agency loans — that’s the price of the added project risk. The comparison that matters is against losing the unit entirely, not against a conventional loan the project can’t get.

Equal Housing Lender. This is not a commitment to lend or extend credit. Programs, rates, terms, and conditions are subject to change without notice; all applicants are subject to credit and underwriting approval, and not all applicants will qualify. Program details shown reflect available lender guidelines at the time of writing and may differ at application. Consult your accountant about tax matters. The loan programs described on this page are offered by licensed third-party lenders, not by Marcos Gil. Marcos is a licensed Kentucky real estate agent — not a mortgage loan originator — and can introduce you to a licensed loan officer for any program here. Verify any lender or loan officer at NMLS Consumer Access: nmlsconsumeraccess.org.