Here's some information about requirements for condominium unit mortgages, underwriting condominium projects, condominium occupancy rules, eligibility of loans secured by units in condominiums, and many other resources.

Fannie Mae

April 2010 - LLPA Matrix and AMDC Information

Jan. 2010 - Special Approval Designation for Established Florida Condominium Projects Summary, Resources, and Frequently Asked Questions (PDF: 38K)

Dec. 2009 - Condo, Co-Op, PUD Eligibility

Dec. 2009 - Selling and Servicing Guides (See Section B4-2.2) (PDF: 3.1M)

Dec. 2009 - Overview and FAQs Regarding Fannie Mae’s Selling Guide Policies for Determining Eligibility of Loans Secured by Units in Condo, Co-Op, and PUD Projects(PDF: 68K)

Dec. 2008 - Project Eligibility Review Service and Changes to Condominium and Cooperative Project Policies (PDF: 52K)

June, 2007 - Selling Ineligible Condominium, Cooperative and PUD Projects (PDF: 100K)

Freddie Mac

March 2010 - Postsettlement Delivery Fees

Jan. 2010 - Freddie Mac Updated Rules for FHA-Approved Condo Projects (Effective Feb. 1, 2010) (PDF: 85K)

Dec. 2009 - Freddie Mac Condominium Unit Mortgages (PDF: 132K)

Dec. 2009 -  Condominium Unit Mortgages – Project Analysis (PDF: 173K)

Sept. 2009 - Updated Condominium Unit Mortgage Resources

HUD

HUD's mortgagee letters listed below, provide information about “Spot Loan” approval processes, FHA concentration requirements, owner-occupancy requirements, pre-sale requirements, Florida condominium project approvals, and condominium approval processes for single-family housing.

Nov. 2009 - Mortgagee Letter (ML) 2009-46 A: Temporary Guidance for Condominium Policy

Nov. 2009 - Mortgagee Letter (ML) 2009-46 B: Condominium Approval Processes for Single-Family Housing

Nov. 2009 - FHA Condominium FAQs (PDF: 89K)

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