Drew Caudill, Loan Officer - Fairway Home Mortgage

08/23/2026

🚨 Condo Agents!! Buyers! Sellers!

PSA - Part 2

Condo buyers — the rules changed on August 3rd. 🏢

The old shortcut where a bigger down payment meant less scrutiny of the HOA? Gone. Every established condo project now gets a Full Review: budget, reserves, insurance, litigation, all of it.

But here's the good news nobody's talking about:

✅ Small buildings (10 units or fewer) can skip project review entirely
✅ The 50% investor cap is gone — rental-heavy buildings are back in play
✅ Florida's extra hurdles for new attached projects are retired
✅ Roof insurance rules loosened, which saves a LOT of buildings

One to watch: January 2027, HOAs need to put 15% of their budget toward reserves (up from 10%) or the whole building goes non-warrantable.

Bottom line — the building matters more than ever now. Before you fall in love with a unit, let's check if it's financeable.

DM me the address. I'll run it. 📩

08/19/2026

Social media can create real opportunities for your business-but first, consumers need a reason to follow you.

Join us for Become the Local Guide, a class designed to help real estate agents create hyperlocal content that connects with people in the communities they serve.

We'll cover how to create content around neighborhoods, local businesses, restaurants, events, weekend activities and what it is really like to live in the communities you serve-then show you how to connect it all back to real estate in a way that feels natural, useful and relevant.

You'll also learn how to use AI to find ideas, develop stronger posts and create a repeatable content plan that helps you build trust, stay top of mind and turn local attention into real conversations and potential leads.

🔗 Register here: https://bit.ly/AugustSocialSales26

08/07/2026

🚨 Condo Agents!! Buyers! Sellers!

PSA

In the past few months, there have been a few condo transactions fall apart because the HOA didn’t have the documentation required for financing.

If you’re buying or selling a condo, this is something you need to pay attention to.

Fannie Mae and Freddie Mac have announced major changes to condo project eligibility that will make financing more difficult for many communities that aren’t financially prepared. These changes include:

• Elimination of the Limited Review process for most condo loans
• Greater emphasis on reserve studies and HOA financial health
• Higher reserve funding requirements over time
• Updated insurance standards
• More comprehensive project reviews and documentation requirements

What does that mean?

If an HOA isn’t properly managed, doesn’t have adequate reserves, or can’t produce the required documentation, buyers may not be able to obtain conventional financing. That doesn’t just impact one transaction—it can reduce the pool of qualified buyers and ultimately affect property values and resale opportunities. (Fannie Mae⁠)

The reality is that many HOA boards are made up of volunteers who may not realize what’s now expected of them. Waiting until a unit is under contract to discover missing documents or inadequate reserves can cost everyone time, money, and the sale.

My advice:
✅ Review the HOA budget.
✅ Ask for the reserve study.
✅ Verify insurance coverage.
✅ Start the condo review process as early as possible.

These changes are intended to strengthen the long-term financial health of condominium communities, but they will also make preparation more important than ever.

Please take the time to inform yourself and educate your client on the condo you are presenting to your client. It will save you lots of time and aggravation.

Drew Caudill NMLS: 1439348

07/21/2026

5.0 star review received on Experience.com for Drew Caudill by Amanda S - He made the process so easy! Never thought I coudl I could close in 14 days after the first house fell thru but his team made it happen! Thank you Drew!!!

Click to see all 30 reviews of Drew Caudill, Loan Officer

07/21/2026

5.0 star review received on Experience.com for Drew Caudill by Bryan D - Drew had great communication throughout the whole process and was proactive

Click to see all 30 reviews of Drew Caudill, Loan Officer

06/24/2026

Homeownership is more than a place to live. It's where memories are made, milestones are celebrated, and futures are built.

This National Homeownership Month, we're celebrating the homeowners who've trusted us to be part of their journey. And if your next chapter includes a renovation, refinance, or a move, we're here to help.

https://fairway.com/lo/drew-caudill-1439348

06/06/2026

5.0 star review received on Experience.com for Drew Caudill by Vernaijuor H - From communication to overall knowledge that I wasn't able to get with previous loan officers. The team gave Me a piece of mind during my first experience and would definitely be interested in using fairway and drew again (if applicable) when I am ready to purchase my dream home.

Click to see all 28 reviews of Drew Caudill, Loan Officer

05/01/2026

Big news for our nation's heroes!

Starting with appraisals ordered on or after May 1, 2026, the VA is updating some of its property standards to better streamline the appraisal process and reduce unnecessary delays.

If you're active duty, a veteran, or working with someone and want clarity on how these changes could impact the path to homeownership, let's connect and review your options together.

04/24/2026

Fairway is proud to serve our veterans!

Join us in giving back:
https://AmericanWarriorInitiative.com/