Fannie Mae LL-2026-03

Project Standards and Property Insurance Requirements for Condominium Projects

Fannie Mae / Federal Housing Finance Agency

Status Active

Effective Aug 3, 2026

Verified Apr 27, 2026

Source Statute text — singlefamily.fanniemae.com

Summary

Eliminates Limited Review for established condo projects (>10 units) effective August 3, 2026. Increases reserve funding minimum from 10% to 15% effective January 4, 2027. Establishes $10,000/unit critical repair ineligibility threshold. Tightens reserve study alternative to require highest recommended funding level.

Legal Topics

Insurance Requirements

Articles Citing This Regulation

Limited Review Is Dead: What Every Condo Board Must Do Before August 3 Primary

Regulation last verified April 27, 2026. This content is educational and informational. It does not constitute legal advice. Consult a licensed attorney in your state for legal guidance specific to your situation.

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