Do you have a condo listing that does not qualify for conventional - TopicsExpress

Do you have a condo listing that does not qualify for conventional loan financing? Well, Fannie is lowering their presale requirements from 70% to 50%. HOA fees can now be 60-day delinquent and allowable commercial space has been increased from 20% to 25%. Post below for a copy of my Mortgage Talking Points™ with a list of the condo project changes and effective dates that make it easier to for condo projects to be eligible for approval.

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