04/03/2026
There’s a lot of Loan Officers out there saying the new condo rules are a good thing…
And maybe long term, they are.
But here’s what I’m seeing in real time 👇
👉 The SAME condo can be approved one week…
👉 And denied the next.
No change in price.
No change in buyer.
Just a deeper review of the project.
Why?
Because of updated guidelines from Fannie Mae and Freddie Mac looking harder at:
Budget strength
Reserve funding
Insurance coverage
Deferred maintenance
And here’s the part most people don’t realize…
🚫 That full review usually doesn’t happen until AFTER you’re under contract. So what’s the move?
This is where a tool like CPM (Condo Project Manager) comes in.
CPM is a database that lets lenders:
Check if a condo project has already been reviewed
See approval status
Identify red flags early
Avoid walking into a deal that’s going to blow up later
👉 But even CPM isn’t perfect—projects can change, and not everything is in there.
The difference right now. You can’t treat condos like single family homes anymore.
👉 You have to review the project upfront
👉 Run it through CPM when possible
👉 Ask better questions before writing the offer
Because today, approval isn’t just about the buyer…
👉 It’s about the condo—and that can change fast.
If you’re an agent or buyer looking at condos, let’s take a look at it BEFORE you go under contract.
Better to pivot early than start over late.
