08/04/2026
๐จ Condo financing rules just changed โ effective TODAY, August 3rd.
If a condoโs part of your plans (buying, selling, or listing), this is worth a read.
๐ข Smaller buildings (2โ10 units) just got easier to finance. They now qualify for a simplified review โ less paperwork, fewer hurdles, and a smoother path to closing.
๐ Larger buildings (11+ units) are facing more scrutiny. These now require a Full Review โ condo questionnaire, HOA budget review, and master insurance verification. Sellers plan to provide as much documentation as possible up front. Agents, plan for extra coordination with HOAs and property managers.
๐ฐ Reserve requirements are climbing too. Starting January 1, 2027, larger associations must set aside 15% of dues for reserves, up from 10%. Boards that plan ahead now will save themselves a scramble later.
Bottom line: condo lending just got more nuanced โ and the buyers and agents who understand it early and partner with a good lender are the ones whoโll come out ahead.
๐ Want it broken down step-by-step? Join us for the Sessa Breakfast Series โ Condo Lending Edition. Boulder & Denver dates. DM โCONDOโ and weโll send uou the details. ๐ฅโ