Hawaii condominium warrantability

Is your building financeable?

Have the condo you are interested in buying or selling reviewed before you go into contract. Submit your condo docs for project approval before you’re under contract, so there are no surprises at underwriting.

Check a condo

What type of financing do you want checked?

Continue

*Review times vary. Priority is given to purchases in contract with CMG Home Loans. We will also review condos not in contract, as long as all the required documents are uploaded. We do not cover the cost of any condo documents that need to be submitted on your behalf.

The core problem

Every financed condo has two approvals: the buyer and the building.

Most agents only vet the buyer: credit, down payment, closing timeline. But in this market, the building causes more surprises.

Lenders review the budget, reserves, insurance, litigation, ownership concentration, special assessments, association loans, and more before they’ll fund the sale.

If the building doesn’t meet guidelines for the loan type, a qualified buyer won’t matter.

Both sides are impacted when you don’t know what financing your condo can qualify for

Listing agents

You’re taking offers without knowing which financing types the building can support.
A loan denial hits days before closing, after your seller has already moved out.
In a tough condo market, every failed escrow makes the listing harder to sell and can cost you the listing altogether.

Buyer's agents

You’re showing buildings without knowing which ones your clients can finance.
You open escrow on a unit with no idea whether the building qualifies for their loan program.
You spend weekends touring condos your buyer will never get approved for.
You lose the buyer, and the deal, to a building problem that should have been flagged from the beginning.

What gets checked

Four lists. Four different standards.

These are four separate approvals, each with its own standard. A building can be approved for one and absent from the other three. Being approved for FHA financing tells you nothing about whether a conventional loan will fund. We check all four and report each one separately.

Fannie Mae

Conventional financing. Condo Project Manager status, plus the unavailable list.

Freddie Mac

Conventional financing on a separate standard, with its own eligibility review.

VA

Department of Veterans Affairs. Building-level approval, usually with no expiration date.

FHA

Federal Housing Administration. Project approval lasts 3 years and has to be recertified by the association.

This service is not affiliated with or endorsed by HUD, FHA, VA, USDA, Fannie Mae, or Freddie Mac. FHA and VA status come from their public lookups; Fannie Mae and Freddie Mac tools are available only to lenders and do not publish project lists. Approval status can change at any time, and a building’s status does not mean a particular buyer or unit will qualify. Always verify eligibility with your lender before making an offer.

Oahu, Maui, Kauai, and Hawaii Island.

How it works

Initial check

1–2 business days

We check which approved lists the building is on, and which it isn’t, and send you the results.

Full condo review

Optional

If the building isn’t on one or more lists and you’d like our condo team to review it for available financing options, upload the required condo documents to the portal. The cost of obtaining those documents is the responsibility of the requester; CMG does not cover it.

Please note: Due to limited staffing and turnaround times, properties under contract with CMG Home Loans are prioritized. You don’t need to be in contract or working with a CMG loan officer to use this service.

Questions agents ask

Check the building before you write the offer.

No documents to start. Initial results in 1–2 business days.