New Condominium Lending Rules for 2027: What Owners and Boards Should Know

Condominium owners already face rising insurance costs, maintenance expenses, and association assessments, as discussed in our earlier article, Why Are HOA and Condo Assessments Going Up?. Now, new condominium lending rules taking effect January 4, 2027, could add to those costs and make some units harder to sell or refinance. According to a recent CNN article, condominium prices are falling in many markets, even as ownership costs continue to rise. The new rules include stricter condominium reserve requirements that could put additional pressure on association budgets. What Changes January 4? Fannie Mae and Freddie Mac, which play a major role … Continue reading →