As of August 2026 Condo Financing Will Never Be The Same

On August 3, 2026, Fannie Mae and Freddie Mac retired Limited Review. Everycondo loan in a project over 10 units now runs a Full Review of the HOA'sfinances. And on January 4, 2027, the minimum reserve allocation jumps from10% to 15%.You used to worry about whether YOU qualified. Now your condo has to qualify too.Source: Fannie Mae Lender Letter LL-2026-03⏱ CHAPTERS0:00 - 800 credit score, 20% down, denied0:00 - The two dates that matter0:00 - Limited Review is gone0:00 - Reserves: 10% to 15%0:00 - Why a reserve study isn't an escape hatch0:00 - Critical repairs and deferred maintenance0:00 - Special assessments: what lenders actually ask0:00 - Insurance (this one's brutal in California)0:00 - More paperwork, more delays0:00 - The good news nobody's talking about0:00 - If you already own a condo, watch this part0:00 - What to ask for before you're deep in escrow📋 IN THIS EPISODE

• Why Limited Review mattered — roughly 40% of all condo project reviews,

• What the 10% to 15% reserve change does to HOA budgets and your dues
• The $10,000-per-unit critical repair threshold that makes a project

• Why a special assessment isn't automatically a denial — and what lenders

• What got EASIER: small projects under 10 units, and investor-heavy

• Why current owners with a 3% mortgage should care about their exit
• The documents to request before day 25 of escrow

per the Community Associations Institute ineligible outright actually look at buildings now that the 50% concentration limit is retired🏠 ABOUT THE BRIEFA weekly longform breakdown for California property owners and self-employedborrowers. New episode every week.Kenny Simpson | The Simpson Team | C2 Financial Corporation20+ years, 5,000+ clients. Bank statement, DSCR, jumbo, ADU andnon-warrantable condo financing across CA, AZ, OR, FL and TN.📞 Condo under contract? Let's review the project first: [CALENDLY LINK]🌐 [SIMPSON TEAM SITE]/the-brief/DISCLAIMER: General information only. Not a commitment to lend, not legal orfinancial advice. Agency guidelines are subject to change — verify currentrequirements with your lender. Loan products, terms and qualification aresubject to underwriting approval.Kenny Simpson | C2 Financial Corporation | NMLS #310335Equal Housing Opportunity.#CondoFinancing #FannieMae #RealEstate #SanDiegoRealEstate