If you own a California condo and SB 326 compliance is pending or uncertain, you may still be able to refinance through a portfolio lender. Here is what California condo owners need to know in 2026.
How SB 326 Affects Condo Refinancing
When you refinance, your new lender reviews the condo project warrantability. A building deemed non-warrantable due to SB 326 cannot be refinanced through Fannie Mae or Freddie Mac. Portfolio lenders who hold loans in-house set their own condo standards and are the primary route for refinancing SB 326-affected condos.
Your Refinance Options
- Portfolio non-warrantable refinance: Up to 80% LTV, rates 0.375%-0.75% above conforming, 680+ credit score minimum
- Wait for compliance certificate: If your HOA expects to resolve SB 326 within 60-90 days, waiting restores access to conventional rates
- Rate-and-term vs. cash-out: Cash-out refinances on non-warrantable buildings require more equity (65%-70% max LTV)
Can I refinance my condo if the HOA has not completed the SB 326 inspection?
Possibly, through a portfolio lender. Conventional refinances require SB 326 compliance for California condos. A portfolio lender evaluates the building independently and may approve refinancing based on the HOA active inspection timeline and your equity position. DiVita Home Finance works with 12+ portfolio lenders for these situations.
How much equity do I need to refinance a non-warrantable condo in California?
Most portfolio lenders require 20%-25% equity for a rate-and-term refinance on a non-warrantable condo. For cash-out refinances, expect 30%-35% equity required. DiVita Home Finance will tell you exactly what equity level you need before you apply.
Get a Non-Warrantable Condo Refinance Quote
DiVita Home Finance refinances SB 326-affected condos across California. Start your refinance or call 800-239-1103.
Related Resources
- SB 326 Condo Mortgage California Guide
- Non-Warrantable Condo Mortgage Options
- HOA Special Assessment Loan Options
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About DiVita Home Finance
DiVita Home Finance is a small, family-owned mortgage company based in Marin County, California. When you call, you speak directly with Michael DiVita — the owner — not a call center, not an out-of-state rep, not someone reading from a script. We’re here for a low-key, no-obligation conversation about your situation.
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📞 Call: (800) 239-1103 | 💬 Text Michael directly: (310) 849-9124
