Condo, Co-Op, and PUD Eligibility
Get your condo questions answered during Q4 office hours
Get practical guidance, answers to your questions, and tips to help streamline your condo underwriting process during the Project Standards team’s monthly office hours. Each session from 12 p.m. – 1 p.m. ET will focus on a different topic:
October 1 – Getting Started with Condo Full Review
November 5 – CPM Request Submission Tips
December 3 – Budget Review Deep Dive
Get the invite (see zip)
Fannie Mae is committed to helping lenders lend with confidence. Our ongoing commitment to risk management makes condos a more sustainable and affordable homeownership option for many borrowers.
Get Started
Step 1: Determine a Condo Project Review Type
Step 2: Follow the Condo Project Review Type Requirements
Step 3: Confirm the Condo Project Insurance Requirements
Updates to condo project and property insurance policies
Discover simplified requirements, reduced complexity, and greater flexibility with updates to project standards policies and property insurance requirements for project developments. These changes support a more stable and resilient housing finance system and manage financial risk.
Project Eligibility Review Service
The Project Eligibility Review Service (PERS) is a review method lenders can use to submit project information to Fannie Mae for eligibility review. PERS may be required to review certain types of projects.
Condo Project Questionnaire
Government-sponsored enterprises (GSEs) have developed standardized Condo Project Questionnaire forms (1076/1077). Although optional, we recommend these forms. They offer lenders a clear and consistent approach to collecting condo project information from HOAs.
Technology
Condo Project Manager™ (CPM™) helps lenders certify condo projects quickly and easily.
Understanding Engineering Reports
Better assess property-condition risk by learning how to interpret engineering reports.
Log in required
Condo Buyers Guide
Share this updated resource to help your borrowers navigate the condo buying process and prepare for sustainable homeownership.
