09/01/2026
๐ข๐จ CONDO FINANCING IS CHANGING - REALTORSยฎ, THIS ONE MATTERS!
If condos are part of your business, there are some important lending changes coming that youโll want on your radar. ๐
๐ WHATโS CHANGING?
โ๏ธ Limited Review is going away
โ๏ธ More condo projects may require a Full Review
โ๏ธ Lenders may take a closer look at HOA budgets & reserves
โ๏ธ HOA insurance coverage matters
โ๏ธ Special assessments & deferred maintenance may receive more scrutiny
โ๏ธ Reserve studies and funding are becoming increasingly important
โ๏ธ Full Review reserve allocation requirements increase from 10% โ 15% beginning January 4, 2027
โ ๏ธ HEREโS THE BIG ONE:
Your BUYER may qualify for the loanโฆ but the CONDO PROJECT may not qualify. ๐ณ
Thatโs why doing a little homework before the listing goes live or before your buyer writes the offer can make a BIG difference.
๐ก Before listing or showing a condo, start asking about:
โ๏ธ Current HOA budget
โ๏ธ Reserve contributions/funding
โ๏ธ Most recent reserve study
โ๏ธ Current or pending special assessments
โ๏ธ Major planned repairs
โ๏ธ Deferred maintenance
โ๏ธ HOA master insurance
โ๏ธ Any known financing/eligibility concerns
๐ ROC TITLE - keeping our agents informed BEFORE it becomes a closing-table problem.
Have a condo listing coming up? Reach out to me! Iโm always happy to help you get ahead of the transaction. ๐ค๐ฝ๐ก
๐ฒ Rebecca Misquez | Sales Executive
ROC Title Agency
480.262.6024
One Group Glendale Office