Don't Let These Condo Changes Cost You in 2026

Buying or selling a condominium? Recent changes to conventional condo loan guidelines could affect whether a condo qualifies for financing—and that can have a major impact on both buyers and sellers. In this video, Renee Velasquez, Northeast Ohio REALTOR® with The RSVP Group at eXp Realty, and Andy Rigda, Loan Officer with Edge Home Finance, explain recent changes affecting conventional mortgage financing for condominiums, including Fannie Mae and Freddie Mac condo requirements, condo project eligibility, HOA and association considerations, and why financing should be investigated early in a condo transaction. 🏠 FOR CONDO BUYERS: Finding the perfect condo doesn't automatically mean you'll be able to obtain conventional financing. The condominium association and the overall development may also need to meet specific lending requirements. Understanding condo financing before you make an offer can help prevent unexpected problems later in the transaction. 🏠 FOR CONDO SELLERS: Your buyer can be financially qualified for a mortgage while the condominium development itself creates a financing issue. Knowing whether your condo association meets current conventional lending guidelines can be extremely important when preparing to sell, pricing your property, and evaluating offers. 🏠 FOR REAL ESTATE AGENTS: Condo transactions require more than simply qualifying the buyer. REALTORS® should understand how conventional lenders evaluate condominium projects so potential financing problems can be identified as early as possible. Recent Fannie Mae and Freddie Mac condominium lending changes have updated certain condo project review, eligibility, insurance, reserve, and financing requirements. These guidelines can influence which buyers can finance a particular condominium and, ultimately, how easily a condo can be sold. If you're considering buying or selling a condo in Northeast Ohio, or you're a real estate agent who wants to better understand condominium financing, follow this channel for straightforward real estate information, market updates, lending changes, and practical advice. Renee Velasquez The RSVP Group | eXp Realty Northeast Ohio Real Estate Serving buyers, sellers, and families throughout Northeast Ohio Topics covered in this video include: Conventional condo loans, condominium financing, Fannie Mae condo guidelines, Freddie Mac condo guidelines, condo loan changes 2026, condo project eligibility, condo association requirements, HOA requirements for conventional loans, buying a condo, selling a condo, condo financing problems, warrantable condos, non-warrantable condos, Northeast Ohio condos, Northeast Ohio real estate, Cleveland Ohio real estate, Medina County real estate, Cuyahoga County real estate, and Ohio REALTOR® education. #CondoFinancing #ConventionalLoan #CondoBuying #CondoSelling #RealEstate #NortheastOhioRealEstate #OhioRealEstate #FannieMae #FreddieMac #MortgageUpdates #RealtorTips