Fannie Mae Condo Financing Guidelines 2026: Major Changes Every Realtor, Lender & HOA Manager Must Know

Fannie Mae has introduced major updates to its condominium financing guidelines, creating a new framework for condo project reviews, reserve requirements, insurance coverage, investor concentration, and loan eligibility. These changes took effect in phases beginning in March 2026 and will affect lenders, real estate agents, buyers, sellers, HOA managers, and condominium associations.

In this training, you’ll learn how the elimination of the limited review process changes condo financing, how the expanded project review waiver may benefit smaller condominium communities, and why reserve funding and insurance documentation are now more important than ever.

We’ll also cover the updated requirements for master insurance policies, roof coverage, per-unit deductibles, HO6 insurance, reserve studies, and the upcoming increase in the minimum reserve contribution requirement.