Uploaded June 2026 | Updated September 2026, 3 hours ago
Is that condo warrantable? Before you list it or write an offer, that's the question that can make or break the deal — and Fannie Mae and Freddie Mac just changed the rules (Lender Letter LL-2026-03). Send me a condo name, city, and state and I'll tell you whether it's warrantable, non-warrantable, or about to be — before it costs anyone a contract.
The short version: condos are getting easier to finance in 3 ways and harder in 2.
✅ EASIER (in effect now) • Investors can buy again — the 50% owner-occupancy limit is gone • Insurance requirements loosened — buildings flagged "unavailable" can come back • More projects qualify with less red tape (small projects + Florida)
⚠️ HARDER (coming on set dates) • Limited Review goes away Aug 3, 2026 — affects an estimated 40–65% of condo loans • Reserves get stricter — Aug 3, 2026 and Jan 4, 2027
📖 Full breakdown on the blog: gibsonhomeloans.com/non-warrantable-condo-fannie-freddie
📞 Questions on a specific building? Reach me at 206-890-6132 or gibsonhomeloans.com/contact
Christopher Gibson | Reverse Mortgages & Home Loans at C2 Financial | NMLS #1910430 Connect: linkedin.com/in/chrisraygibson · facebook.com/chrisraygibson · instagram.com/chrisraygibson
#condos #realestate #mortgage #fanniemae #freddiemac #realestateagents #nonwarrantablecondo #homebuying #westseattle
Is that condo warrantable? Before you list it or write an offer, that's the question that can make or break the deal — and Fannie Mae and Freddie Mac just changed the rules (Lender Letter LL-2026-03). Send me a condo name, city, and state and I'll tell you whether it's warrantable, non-warrantable, or about to be — before it costs anyone a contract.
The short version: condos are getting easier to finance in 3 ways and harder in 2.
✅ EASIER (in effect now) • Investors can buy again — the 50% owner-occupancy limit is gone • Insurance requirements loosened — buildings flagged "unavailable" can come back • More projects qualify with less red tape (small projects + Florida)
⚠️ HARDER (coming on set dates) • Limited Review goes away Aug 3, 2026 — affects an estimated 40–65% of condo loans • Reserves get stricter — Aug 3, 2026 and Jan 4, 2027
📖 Full breakdown on the blog: gibsonhomeloans.com/non-warrantable-condo-fannie-freddie
📞 Questions on a specific building? Reach me at 206-890-6132 or gibsonhomeloans.com/contact
Christopher Gibson | Reverse Mortgages & Home Loans at C2 Financial | NMLS #1910430 Connect: linkedin.com/in/chrisraygibson · facebook.com/chrisraygibson · instagram.com/chrisraygibson
#condos #realestate #mortgage #fanniemae #freddiemac #realestateagents #nonwarrantablecondo #homebuying #westseattle
