Condo financing is changing… and it could impact your buyers sooner than you think. 🏢
Beginning August 2026, many condo projects with 11+ units will require a Full Condo Review, and new project requirements could affect whether buyers qualify for conventional financing.
Then in January 2027, HOA reserve funding requirements increase from 10% to 15%, making it even more important to verify a project’s eligibility early in the process.
The good news? A little preparation can prevent a lot of frustration.
Before your client writes an offer, it’s worth reviewing the condo project’s:
✅ HOA budget
✅ Master insurance policy
✅ Fidelity insurance (for projects with 21+ units)
✅ Litigation status
✅ Single-entity ownership
Taking a few minutes upfront can help avoid financing delays, contract headaches, and last-minute surprises.
If you have a buyer considering a condo, we’d be happy to review the project before they go under contract. It’s one of the easiest ways to help keep your transaction on track.
📩 Reach out anytime—we’re always happy to help.
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