The December 2018 Selling Guide announcement clarifies requirements for flood insurance for condo projects.
The September 2018 Selling Guide announcement clarifies our requirements related to liability, fidelity, and crime insurance.
|A Discussion on Flood Insurance Requirements for Project Developments||Mar. 6 at 11:30 am|
Condo Project Manager™ (CPM™)
CPM can help lenders quickly and easily certify
a condo project.
Customizable Condo Buyer's Guide
Support your outreach needs with this Guide,
now available in our
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
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.
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.
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.