Condominium mortgage loans are geared towards those homebuyers purchasing homes in condominium buildings, in which the ownership is made up of numerous separate owners of individual units and jointly owned common areas and facilities. Condominium loans support those individuals seeking either a warrantable or non-warrantable form of home ownership. Previously, non-warrantable forms of home ownership may not have met the secondary market investors’ requirements making it more difficult to qualify for a mortgage. With a condo loan, the mortgage is tailored to the condo owner, thus facilitating the process of obtaining a mortgage for either type of home ownership.