Alright, deep breaths everyone. Freddie Mac just followed Fannie Mae’s lead on the new condo rules and the internet is acting like condos are about to be outlawed. Spoiler: they’re not. 🙄
Here’s what actually changed (and why you can put the panic button down):
🔹 Limited Reviews are getting retired (Aug 3, 2026) — Every condo loan now goes through a Full Review. More paperwork? Yes. End of civilization? No.
🔹 Reserves bumping from 10% to 15% (Jan 4, 2027) — HOAs need to set aside a little more for the rainy day fund. Shocking concept, I know — saving money for repairs on the building you live in.
🔹 The 50% investor cap got KILLED — Actually great news for a lot of urban buildings that were stuck in non-warrantable jail.
🔹 Insurance tweaks — Max $50K per-unit deductible, HO-6 required when master has a per-unit deductible (July 1, 2026).
So is the sky falling? Nah. Are some older, underfunded buildings gonna have a rough time? Probably. Will buyers and sellers need a lender who actually reads these bulletins instead of guessing? 100%.
This is straight from Fannie Mae Lender Letter LL-2026-03 and Freddie Mac Bulletin 2026-C (both dropped March 18, 2026). Not making this up.
📲 Buying or selling a condo and want to know if the building is still warrantable? DM me “CONDO” and we’ll figure it out before you waste time on an offer that won’t close.
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Jesse Gonzalez | True Blue Lending
NMLS #27810
#CondoLoans #FreddieMac #FannieMae #MortgageTips #FirstTimeHomeBuyer #HomeBuying2026
