No, if you're putting less than 20% down payment, you're going to get what's called a full review. This means that ANY lender you go to will need to document the condo's current budget and it must meet Fannie Mae standards, which state that the condo must be budgeting for 10% reserves of total operating budget. There might be a couple lenders who portfolio loans where they can do unwarrantable condos, but there really are not many of them
I suggest you either look for a condo who does meet these standards (which can be difficult depending on where you're looking), or try to come up with 20% down payment, in which case your lender will be able to do what's called a limited condo review. In this limited review, such budgets would not be an issue.
Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797