Seth Lester, NMLS 390622 West Capital Lending, Inc

08/19/2026

08/19/2026

This promotion ends at the end of this month. Reach out for details.

08/18/2026

Here’s the boss, hard at work micromanaging me today.

08/14/2026

My helper today, hard at work.

08/14/2026

Condo financing is getting a little more complicated, so agents and buyers need to be paying attention to these changes.

Fannie Mae and Freddie Mac have made several updates to condo project requirements in 2026, with another important change coming in 2027.

Here are the main things to know:

Effective March 18, 2026:
• Certain condo projects with 10 units or fewer have more flexibility with project review requirements.
• The 50% investor concentration limit was removed for certain established projects going through Full Review.
• Review requirements also changed for some new attached condo projects in Florida.

Effective July 1, 2026:
• Master policy deductibles are generally capped at $50,000 per unit.
• Actual Cash Value roof coverage may be acceptable in certain situations.
• There is also more clarification around when an individual unit owner needs an HO-6 policy.

Effective August 3, 2026:
• Fannie Mae Limited Review and Freddie Mac Streamlined Review are being retired.
• Many established condo projects with more than 10 units will now require a Full Review.
• Reserve studies are becoming more important and generally need to be no more than 3 years old.
• When a reserve study is used, the association may need to be funding at the highest recommended level in the study.

Effective January 4, 2027:
• The standard minimum reserve contribution increases from 10% to 15% of annual budgeted assessment income.
• A project may still qualify based on a current reserve study if the association is funding the recommended reserves.

The biggest takeaway is that smaller condo projects may have more flexibility, while larger projects are likely to require more documentation and a more detailed review.

For agents, this is something worth looking at early in the process. A condo can look fine at first glance and still have project eligibility issues that affect financing.

The earlier the project is reviewed, the better.

08/12/2026

CHOOSE THE RIGHT MORTGAGE
The right mortgage isn't the one with the flashiest advertisement.
It's the one that helps you accomplish your goals.
For some buyers, that means the lowest monthly payment. For others, it means keeping more
money in the bank, paying off the home faster, or planning to refinance later.
That's why there's no one-size-fits-all loan.
Before you commit, ask your lender why they're recommending that specific loan. They should be
able to explain the benefits, the tradeoffs, and why it fits your situation.
If you're comparing options, we'd be happy to walk you through them and help you choose the
loan that makes the most sense for you.

08/11/2026

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