nonwarrantable condo refinance

[Alexandra Arnhold]

I am trying to cash-out refi a nonwarrantable condo in the Rogers Park neighborhood of Chicago. Paid cash in December not realizing it was nonwarrantable. Any recs will be greatly appreciated.

[Sanat Bhandari]

@Alexandra Arnhold I second John Warren's suggestion

Non-warrantable condos are commercial lending territory since GSEs such as Fannie/Freddie don't usually buy them (there are exceptions to this though) 

Your best bet is local banks/credit unions/mortgage broker who knows how to handle non-warrantable condo scenarios since this will be a non-QM product

I have a couple resources in the Chicagoland area who could help you out with the same. Feel free to reach out