08/07/2026
š¢ Thinking About Buying a Florida Condo? The Mortgage Rules Just Changed.
Fannie Mae and Freddie Mac have updated their condominium financing guidelinesāand these changes could impact whether a condo qualifies for conventional financing.
Hereās the part buyers need to understand:
Qualifying for the mortgage is only half the equation. The condo association has to qualify too.
Depending on the property, lenders may need to take a closer look at things like the associationās finances, reserve funding, insurance coverage, and potential structural concerns.
That can mean additional documentation, longer approval timelines, and potentially financing issues if the condo project doesnāt meet the guidelines.
But thereās good news: many of these issues can be identified before you write an offer.
I broke down what changed, why it matters, and what Florida condo buyers should do differently in my latest blog:
š Read: Buying a Florida Condo? New Mortgage Rules Could Impact Your Purchaseā ļæ¼
If youāre considering a condo purchase in Southwest Florida, reach out before you write the offer. Iād be happy to help you look at the financing side of the project early so there are fewer surprises later.
