Lender Requirements

In response to the tragic collapse of a condominium in Surfside, FL, Fannie Mae and Freddie Mac enacted significantly updated lending requirements that became effective Q1 2022 for condominiums and co-ops throughout the United States.

This page is intended to be your definitive guide to Fannie and Freddie lender requirements for condominiums and co-ops that many associations, unit owners and management companies still struggle to understand and address.

While these lending requirements are temporary, they are on track to become permanent (in current or updated form) sometime in 2022.  Please find below Fannie Mae Form 1076 / Freddie Mac Form 476: Condominium Project Questionnaire and Fannie Mae Form 1076A / Freddie Mac Form 476A: Condominium Questionnaire Addendum (see combined document) in addition to other helpful documentation.

Critical Requirements

Fannie / Freddie Lender Questionnaire Survey

Some common interest communities and their management companies are refusing to fill out the updated lender questionnaire from Fannie and Freddie.

Fannie Mae Form 1076 - Condominium Project Questionnaire.pdf
Fannie Mae Condo & Co-Op Appraisal Fact Sheet (Updated December 2021).pdf
Fannie Mae Lender Letter LL-2021-14 (Oct '21).pdf
Freddie Mac Bulletin re Temporary Lending Requirements - December 15, 2021.pdf
Freddie Mac Condominium Unit Mortgage Fact Sheet (December 2021).pdf
Fannie Mae Condo Project Review Requirements (082820).pdf