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NEED TO KNOWBusiness & Compliance

How to Know a Condo Will Not Finance Before You Take the Listing

A condo that finances today will finance next year, so the association's budget is the lender's problem rather than yours. For loan applications dated Jan. 4, 2027 or later, the reserve allocation Fannie Mae wants for a Full Review goes up by half — and an association's budget is set once a year, by a vote.

2-minute read