Fannie Mae and Freddie Mac 2026 Condo Lending Guideline Changes
Philadelphia, PA March 19th, 2026. FOR IMMEDIATE RELEASE
On March 18th, 2026 Fannie Mae and Freddie Mac released lender guidance letters outlining new condo lending requirements. These guidelines are impactful for lenders, association managers, board members and unit owners alike. CondoTek is providing a detailed series of educational webinars to help guide our clients and industry partners and ensure lending compliance.
Most Impactful 2026 Condo Lending Guideline Changes
Lender Underwriting
- Elimination of Limited Review-Effective August 3, 2026
- Project Review Waiver Expanded for Condo Properties with 10-Units or Less-Effective Immediately
Condo Association and Property Insurance
- Actual Cash Value Accepted for Roofs: Effective Immediately
- Inflation Guard Requirement Removed: Effective Immediately
Reserves
- Minimum Reserve Requirement for Condo Properties Increased from 10% to 15%: Effective January 4, 2027
- When Utilizing a Reserve Study that provides 3 funding plans (low/medium/high) only the Highest Recommended Funding Plan will be accepted: Effective August 3, 2026
Unavailable for Lending Designation
Fannie Mae and Freddie Mac are working to update the ”unavailable for lending designation” for specific condo properties that may now be compliant based on this new guideline release.
Each of these new guidelines is highly impactful for lenders, condo managers and unit owners. Many additional guideline changes will impact mortgage availability in condo properties. The document retrieval and auditing team at CondoTek is fully trained in ensuring that our clients get the right documents for review with our CondoPak product and get the right decision on warrantability with our Condo Project Warrant product. Residential mortgage availability in condo properties is key to maintaining unit value. We encourage you to register for each detailed webinar we’re providing. If you’re an association manager or board member and want a “deep-dive” review of mortgage eligibility in your condo property click here to order our Lending Compliance Report.
Webinars and Trainings
Tuesday March 24th at 3PM ET
Condo Lending Overview for Lenders: 2026 Fannie and Freddie Condo Lending Guideline Release
Register here.
Thursday March 26th at 1PM ET
New Condo Lending Guidance for Property Managers: 2026 Fannie and Freddie Condo Lending Guideline Release. How to ensure mortgage availability in managed condo properties.
Register here.
Tuesday March 31st at 1PM ET
Condo Reserves and Reserve Studies: 2026 Fannie and Freddie Condo Lending Guideline Release. How to ensure mortgage availability in managed condo properties.
Register here.
Thursday April 2nd 2026 at 1PM ET
Condo Insurance: 2026 Condo Insurance Requirements
Register here.
About CondoTek
CondoTek is a technology, information and consulting firm that provides mortgage lenders with regulatory guidance, project approvals and easy access to products and services for approving, originating and underwriting loans for condominium and co-op properties. CondoTek’s automated offerings enable mid- to large-sized lenders and other financial institutions and real estate companies to enhance their operational efficiencies and streamline the condo and co-op financing and investment process. CondoTek was founded in 2013 and operates in all 50 states. For more information or to request a demo, visit www.condotek.com.
For Inquiries:
Melinda Engel
CondoTek
melinda@condotek.com