Condo, Co-op, and Planned Unit Development (PUD) Eligibility

What's New

  • Reduced PERS fees

    Several Project Eligibility Review Service fees have been reduced and others have been removed.

  • Clarified flood insurance requirements

    The December 2018 Selling Guide announcement clarifies requirements for flood insurance for condo projects.

Condo Project Manager™ (CPM™)
CPM can help lenders quickly and easily certify
a condo project.

Guide Related Links

Customizable Condo Buyer's Guide
Support your outreach needs with this Guide,
now available in our
Marketing Center.

Learn More About Our Updated Condo Policies

See how our policy updates simplify underwriting and increase flexibility.
View an overview of the Guide update.

Get Started

Step 1: Determine a Condo Project Review Type
Step 2: Follow the Condo Project Review Type Requirements
Step 3: Confirm the Condo Project Insurance Requirements

Project Eligibility Review Service

The Project Eligibility Review Service (PERS) is a review method available to lenders to submit project information to Fannie Mae for eligibility review. The use of PERS is required for the review of certain projects.

Condo Project Standards Training

The Project Standards Training page provides training on project review guidelines, budget fundamentals, condo calculations, and other topics. Click below to access on-demand micro-learning courses and more.

Condo Project Questionnaire

The GSEs have developed standardized Condo Project Questionnaire forms (1076/1077). Although optional, these forms are encouraged as they provide lenders a clear and consistent approach to collecting information from HOAs regarding condo projects.