New Fannie Mae Requirements for Condo Mortgages
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In response to the collapse of the Champlain South Tower in Surfside, Florida, Fannie Mae recently tightened its eligibility requirements for mortgages on condominium units.

Eligibility may now be denied in associations with structural issues, significant deferred maintenance, and/or unsafe conditions. 

In order to determine eligibility, Fannie Mae has supplemented its HOA Questionnaire form to include questions about these matters. 

Learn more about the questions and requirements, here