Originating & Underwriting

Condo, Co-Op, and PUD Eligibility

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

Condo Project Standards Training

Access resources including job aids, online learning videos, and frequently asked questions.

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Frequently Asked Questions 

What's New

Sept. 1, 2021

We’ve updated Co-op Share Loan Documentation Requirements

June 22, 2021

Flood insurance coverage calculator 
To simplify underwriting and reduce risk of errors, determine minimum coverage for 1- to 4-unit properties, PUDs, detached and attached condos, and co-ops.

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.

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Customizable Condo Buyer’s Guide

Support your outreach efforts with this Guide, now available in our Marketing Center.

Marketing Center