New conventional condo rules — effective August 3, 2026
Know if the building will finance — before you list it or show it.
Fannie Mae and Freddie Mac now require a full review of a condo association's budget, reserves, insurance, and litigation on nearly every conventional loan — and no down payment, however large, skips that review. We check the association up front, so your deal doesn't die in underwriting.
Free for Florida real estate professionals. No obligation, no referral required.
The problem
Condo deals don't fail at the property. They fail at the association.
What we review
A complete association check — before the contract is signed.
Budget & reserves
Current-year budget, balance sheet, and how reserve funding measures against the agency thresholds — 10% of assessment income today, 15% beginning January 2027.
Insurance coverage
Property, flood, wind, and liability certificates — the coverage gaps that quietly disqualify buildings.
Litigation & assessments
Active litigation, pending special assessments, and recreational leases — the disclosure items underwriters ask about first.
Inspections & structural studies
Milestone inspection status and the structural integrity reserve study (SIRS), including how the study's funding method is treated under agency rules.
Why this matters now
Every condo sale is really two purchases.
Your buyer is buying the unit — the view, the light, the kitchen. Their lender is buying something else entirely: a share of the association, its budget, its reserves, and its liabilities. Buyers fall in love with the first purchase. Underwriters approve or deny the second.
Since August 3, 2026, the agencies' streamlined review paths are gone. The association's financial health is examined on nearly every conventional condo loan, and the size of the down payment no longer changes that. The association now decides which buyers can bid on your listing.
The Florida trap: state compliance ≠ financing eligibility
Florida's SIRS law lets associations fund structural reserves on a baseline plan. But under the new agency rules, a baseline-funded reserve study can't be used to establish reserve adequacy for a conventional loan. A building can be fully compliant with Florida law and still leave conventional buyers on the sidelines — the budget itself has to carry the reserve line.
That distinction is exactly what our review is built to catch — before it surfaces in underwriting.
How it works
One short form. One clear answer.
Tell us about the building
Three minutes: the address, the association's name, and a handful of questions about litigation, assessments, and reserves.
Send the documents
The current budget, most recent balance sheet, and insurance certificates. Owners can request them from the association free of charge. Uploads are encrypted, stored privately, and automatically deleted after 30 days.
Get the breakdown
A clear read on conventional financing eligibility, which buyer pool to target, down payment expectations, and MLS-ready remark language.
What you get
Turn a financing rule into a listing advantage.
Most agents will learn these rules the hard way — mid-transaction. The ones who review the association first will win the listing, set the price with confidence, and pick the offer that closes.
Start Your Condo Review- Confirm conventional financing eligibility before anyone goes under contract
- Know which buyer pool to market to — low-down-payment conventional, high-down-payment, or cash
- Broker remark language for the MLS that speaks directly to qualified, financeable buyers
- Evaluate competing offers knowing which financing structures will actually close
- Surface association problems while there's still time to solve them — not days before closing
- Walk into listing appointments with answers no competing agent in the room has
Already have a buyer?
Check the building before the offer goes in.
If your buyer has a building on their shortlist, we'll review the association first — so the offer is structured around a down payment that works, the timeline survives underwriting, and nobody gets the bad-news call three weeks in. Preliminary eligibility and down payment guidance are provided by UBI Equity Group for informational purposes.
Review a BuildingThis review is a free informational service of UBI Equity Group LLC. It is not a loan approval, a pre-approval, or a commitment to lend, and it does not guarantee project eligibility — final determinations are made in underwriting under applicable agency and investor guidelines. Use of this service is not conditioned on the referral of any business. Please do not upload documents containing personal financial information such as Social Security numbers, bank statements, or account numbers.
The rules changed on August 3. Your next condo deal shouldn't find out the hard way.
Request a review today — most come back within two business days.