06/29/2026
Here's what you need to know
Text reads "2026 Fannie Mae Condo Changes"
This summer, Fannie Mae (FNMA) will put into effect changes related to condos. The goal of these changes is to improve eligibility while increasing project oversight and is a result of rising condo insurance costs, deferred maintenance and reserve concerns, and post-surfside structural risk focus.
The following changes will be taking effect:
Roof Insurance Flexibility - Roofs may now be insured using ACV instead of full RCV
Higher HOA Deductibles Allowed - Greater deductible flexibility will be permitted
HO-6 Insurance Changes - Borrowers may need higher loss assessment coverage
Limited Review Being Eliminated - Many projects will now require full review, and more documentation will be required. Implementation begins August 2026
Reserve Requirement Increasing from 10% to 15% effective January 2027
Referred Studies & Deferred Maintenance - Reserve studies becoming critical review documents
Investor & Florida Changes - Some investor concentration restrictions and Florida restrictions relaxed
As a result of these changes, condo approval timelines may be longer, and there may be more requests for HOA documentation.
For complete details about the upcoming changes, visit the Fannie Mae website.