07/31/2026
🚨 Big condo financing changes are coming! 🚨
Starting August 3, 2026, all conventional condo loans will require a full project review—including the HOA budget, master insurance policy, and condo questionnaire. Plus, reserve funding requirements are changing, reserve studies will have stricter guidelines, and these rules will now apply to condo communities with 10+ units.
Looking ahead to January 2027, HOAs will also need to increase reserve funding from 10% to 15% of their annual budget.
The good news? Updated insurance guidelines may help reduce HOA insurance costs and make financing easier in some cases.
If you’re buying, selling, refinancing, or managing a condo, these updates could impact your transaction. Have questions about how the new rules affect you? Send me a message—I’m happy to help.
