You can register for a new account or log in to your existing account from the Condo Status Finder login page. New users must register for an account, identify their role in the HOA (e.g., board member or property manager), and agree to certain legal terms and conditions.

To search for a project, users must enter the required project information including the project legal name, address, unit count, tax ID and project style.

For almost 90 years, Fannie Mae has provided a reliable source of affordable mortgage credit to support homebuyers across the country, including condo and co-op buyers. As a secondary market participant, we don't lend money directly to borrowers. Instead, we purchase mortgage loans made by lenders, who are then able to use those funds to offer mortgage loans to more people.

Fannie Mae maintains underwriting and eligibility standards for the loans we acquire, rooted in safety and soundness, and designed to not only mitigate Fannie Mae’s risk but also to help manage the risk of changes to the property’s value. Loans must meet our Selling Guide requirements to be eligible for sale to Fannie Mae.

Yes, there are additional Selling Guide requirements for condo or co-op projects. Fannie Mae’s project requirements are designed to protect Fannie Mae and homebuyers/homeowners from financial or safety risks that could result from a project being in poor financial health, having unresolved critical repairs, or insufficient master property insurance coverage. 

These requirements exist because unit owners have “collective ownership” and shared financial obligations for the project’s buildings, exterior property, and amenities. Unlike a house, the condition of a project affects all unit owners. For example, when the concrete slab in a house’s garage is severely cracked, it will impact only the individual homeowner, who can decide when to repair it, as well as how much they are willing to spend. However, when the concrete slab in a project's underground parking garage is severely cracked, all unit owners must share the repair costs, either from HOA reserves or through a special assessment. Additionally, delaying repairs could potentially lead to larger structural issues.

Lenders are responsible for reviewing projects at the time they are underwriting a loan. Lenders can use Fannie Mae’s Condo Project Manager™ (CPM™), which is a free web-based tool to check if the project already has a Fannie Mae eligibility status. The vast majority of projects with a Fannie Mae status in CPM are approved, saving lenders and borrowers hundreds of thousands of dollars in documentation costs annually, not to mention time saved during loan underwriting. 

Additionally, CPM’s status determinations are now integrated into Desktop Underwriter® (DU®), Fannie Mae’s automated underwriting system. If Fannie Mae has previously confirmed that a project meets our requirements, DU sends a message to the lender that no lender assessment of project status is required. 

If a project does not have an approval in CPM, lenders must conduct their own assessment of whether a property meets Fannie Mae’s requirements and then document it in CPM.

If a project does not meet our Selling Guide requirements, loans secured by units in that project are not eligible for sale to Fannie Mae until the underlying reasons are resolved. Unit owners and their HOAs can proactively evaluate their projects for compliance with our requirements and take actions to prevent or resolve eligibility issues. These requirements are publicly available in our Selling Guide: B4-2, B7-3, and B7-4.

Examples of condo project characteristics that do not meet our requirements include: 

• Projects in need of critical repairs, including material deficiencies and significant deferred maintenance, which may impact the safety, soundness, structural integrity, or habitability of a unit, or the overall project and its amenities.
• Projects that do not have adequate insurance.
• Projects that have pending, significant litigation.
• Projects that Fannie Mae cannot finance as a matter of law, including projects that operate as a hotel/motel, or manage daily or short-term rentals, even if the units are individually owned. 

As of August 2025, only 3.6% of the projects have an “ineligible” status, which means that a lender or Fannie Mae has obtained information indicating a project does not meet our requirements. Currently, the top two reasons projects have an ineligible status are (1) insufficient master property insurance and (2) critical repair issues, including failure to meet state or local inspection requirements. Condotel characteristics and short-term rentals, as well as pending litigation matters, are also common reasons a project may be ineligible.

Fannie Mae’s requires projects to hold a master property insurance policy, which covers all common elements and residential structures of the project, such as the building, parking structure, and club house. This is to ensure that the overall project has sufficient property insurance to rebuild or repair the project in the event of a loss, such as a natural disaster. Insurance is an important component of long-term homeownership stability and affordability. We routinely review our requirements to meet the needs of the market.

No, Fannie Mae does not require lenders to evaluate project-level reserve studies to determine eligibility. However, underwriters may use them, at their discretion, to evaluate the financial and physical condition of a project.

Condo Status Finder allows HOAs, their management companies, or authorized advisors to contact Fannie Mae directly to discuss eligibility concerns. In our experience, HOAs take corrective steps when they understand why their project does not meet our requirements. HOAs are also in the best position to resolve any eligibility concerns and are ultimately responsible for maintaining projects in accordance with our requirements. HOAs can provide updated documentation, either to us directly or through a lender, when the eligibility issues have been resolved. Since 2022, we have updated the Fannie Mae eligibility status for more than 2,000 projects after receiving updated documentation that the project’s eligibility issues have been remedied.

We do not publish or disclose eligibility decisions to other parties. However, if homeowners or potential homebuyers have questions or concerns about a project’s eligibility, they can ask their HOA or lender to use Fannie Mae’s tools to check if any potential eligibility issues have been identified.