04/30/2026
Condo owners—this one matters.
Fannie Mae just changed the rules on condo financing, and it could directly impact your ability to sell, buy, or refinance.
Here’s the deal:
👉 Simpler loan processes
👉 Higher standards for financial health
Here’s what you need to know:
🔹 Simplified Reviews
The Limited Review process is being eliminated, and more smaller projects may qualify for review waivers. Plus, investor concentration limits are gone—opening the door for more financing in investor-heavy communities.
🔹 Stronger Financial Requirements
Reserve contributions are increasing from 10% to 15% of annual budgets, with tighter reserve study standards. 🚨Translation: condo associations need to be better funded and more proactive.
🔹 More Flexible Insurance Rules
Insurance guidelines are adjusting to today’s market, giving HOAs more flexibility—especially with rising premiums.
💡 What this means:
For lenders: clearer rules, but stricter underwriting
For HOAs: more pressure to maintain strong reserves and plan ahead
For buyers/sellers: a condo’s financial health will play a bigger role in financing—and value
⚠️ Projects with weak reserves or deferred maintenance may have a harder time qualifying for financing.
✅ The upside? These changes aim to create a more stable condo market long-term.
If you own or are considering buying a condo and want to understand how this impacts you, let’s talk! Reach out to me or one of my trusted mortgage professionals today!
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Read More—> https://www.pkfod.com/insights/fannie-maes-2026-condo-lending-changes-simpler-processes-higher-standards/
Monica Danaher; remax executive realty
508.450.2341
Dan Gennarelli; motto mortgage executives
603.234.1100
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