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CONDO FINANCING GUIDE · FOR OWNERS AND BOARDS
Before approving a buyer's mortgage, lenders review your association, and in 2026 that review got stricter. Here's what they check.
What changed this year
July 1, 2026
$50,000 cap on any per-unit insurance deductible
August 3, 2026
Most condo loans now get a stricter, full lender review
January 4, 2027
Reserves rise from 10% to 15% of the budget
The 15% isn't required if the budget funds a reserve study under three years old at its highest recommended level.
What lenders check
01
Is 10% of the budget going to reserves now, with 15% planned for 2027?
02
Are flagged safety or structural repairs finished and documented?
03
Does the master policy meet the 2026 deductible rules?
04
Are fewer than 15% of owners 60 or more days behind?
05
Any special assessments? Buyers' lenders will count them.
If any answer is no, buyers may be limited to cash or harder-to-get loans, and that affects every owner's value. For a question about your specific complex, a lender or your association's attorney can help. This is for general educational purposes only and is not legal, tax, or financial advice. Summary of Fannie Mae (LL-2026-03), Freddie Mac (Bulletin 2026-C) and FHA guidelines as of October 2026; lenders may apply additional standards.
A complimentary market analysis based on recent sales in your complex. Add your address in the message and I'll be in touch.