{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.getloans.com\/blog\/no-questions-asked-loan\/#BlogPosting","mainEntityOfPage":"https:\/\/www.getloans.com\/blog\/no-questions-asked-loan\/","headline":"No Questions Asked Loan?","name":"No Questions Asked Loan?","description":"No, there is no such thing as a “no questions asked” loan. But there is something called “Limited Review” for Conforming (loans at $417,000 or less) condo loans. It makes getting a condo loan “much” easier. When a lender gets a new Conforming loan it inputs a condo loan application and credit score into an […]","datePublished":"2010-05-11","dateModified":"2023-11-15","author":{"@type":"Person","@id":"https:\/\/www.getloans.com\/blog\/author\/brianm\/#Person","name":"brianm","url":"https:\/\/www.getloans.com\/blog\/author\/brianm\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/b03dd1a5c12d48f4023463adfa5dbd6d38ebf6f4d842bd8f8d55ec71cb0ca275?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b03dd1a5c12d48f4023463adfa5dbd6d38ebf6f4d842bd8f8d55ec71cb0ca275?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Person","name":"Brian Martucci","image":{"@type":"ImageObject","@id":"https:\/\/www.getloans.com\/wp-content\/uploads\/2026\/06\/brianmartucci-getloans-logo2017.webp","url":"https:\/\/www.getloans.com\/wp-content\/uploads\/2026\/06\/brianmartucci-getloans-logo2017.webp","width":400,"height":70}},"image":{"@type":"ImageObject","@id":"https:\/\/www.getloans.com\/wp-content\/uploads\/2010\/05\/question-mark-pile.jpg","url":"https:\/\/www.getloans.com\/wp-content\/uploads\/2010\/05\/question-mark-pile.jpg","height":1023,"width":1920},"url":"https:\/\/www.getloans.com\/blog\/no-questions-asked-loan\/","about":["Underwriting Rules"],"wordCount":282,"keywords":["condo","condo financing","condo loan","Limited Review"],"articleBody":"No, there is no such thing as a “no questions asked” loan. But there is something called “Limited Review” for Conforming (loans at $417,000 or less) condo loans. It makes getting a condo loan “much” easier. When a lender gets a new Conforming loan it inputs a condo loan application and credit score into an automated underwriting system. If the resulting loan approval yields a “Limited Review” as part of the approval, that is good. That means some questions related to the condo will not be asked during underwriting.What a Limited Review specifically means is that a lender will not require much of the documentation that would normally be required when underwriting a condo loan. For example, a “condo questionnaire” would not be required. This is the biggest advantage of a Limited Review. Assume you are buying a condo that has what a lender sees as an issue. An example of an issue would be a condo that has an insufficient reserve account. Not having to get the condo questionnaire would avoid the issue and means you will get a loan approval where you normally may not.Avoiding the condo questionnaire also saves the money that a property manager would charge for that form. This fee is typically $50-$250.You will not get a Limited Review authorization on a condo loan on a 5% or 10% down loan, or with a 680 or 700 credit score. To get a Limited Review you typically need a larger down payment such as 20% down. Also, a higher credit score such as 740 or higher is needed. So as you can see, there is not a “No Questions Asked Loan” for condos. However, a Limited Review may be a big help!"}