To determine if a condo in Connecticut is "warrantable," you should contact the condo association or management company directly, consult your mortgage lender, or check if the condo appears on approved lists published by the FHA or VA; essentially, verifying if the condo meets the criteria set by Fannie Mae and Freddie Mac for standard mortgage financing.
Reference:
Google Search for Approved Condo list FHA
For some states:
1) No one owns > 10% of the units (some states could be no more than 20%)
2) 50% or more of units owned by residents or used as second homes
3) The Association is not in a law suite
4) Association has enough reserves
5) Less than 15% of owners are past due
6) Commercial space is less than 35% of total space
7) More than 70% of the new units are sold
8) The association has been turned over to the owners
9) No mandatory member fees like golf or tennis clubs
Notes:
As a condo owner, you own the unit (interior).
Townhouses may be condos.
A co-op is not a condo.
Homeowner associations are:similar to condo associations
A townhouse is typically a detached home
You would own the yard of a townhouse and the exterior walls