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.  

Impact of COVID-19 on condominium project review

We’re offering temporary additional guidance and flexibilities for project eligibility reviews on condo projects. 

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

October 20, 2020

Mortgage Lender Sentiment Survey: Lenders Expect Stable Levels of Condo Lending and Identify Opportunities for Industry Improvement.

October 7, 2020

We’ve updated policies on condotel ineligibility, pre-litigation activities, and recreational leases.  

View Selling Guide Announcement
Watch the Projects Standards Policy Updates video 

August 24, 2020

Use the new Condo Project Manager™ (CPM™) email support service,
[email protected] to send your questions about the Condo certification process. For general condo policy or delivery requirement questions, visit AskPoli and be sure to leverage Ask Poli’s feedback button. For CPM technical support, visit the Technology Support Center.

June 3, 2020

In response to lender inquiries, we have clarified Project Standards requirements related to horizontal property regimes and environment hazards. See Selling Guide Announcement SEL-2020-03 for details.

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