Fannie Mae Lender Letter 2026-03 and Freddie Mac Bulletin 2026-C announced significant changes to condominium project review requirements which are highlighted below.
The effective date of these updates vary as detailed below. Brokers should carefully review this communication in its entirety
The Fannie Mae, Freddie Mac, Access, Elite Access and DSCR Plus guidelines have been updated, as applicable, and posted on the Homebridge website on the Products and Guidelines page.
Fannie Mae updated DU June 26, 2026 to reflect these changes including the retirement of the limited project review message. While DU may not provide for a Limited Review option, Limited Reviews are still available for eligible transactions with a loan application dated prior to August 3, 2026.
Freddie Mac has not yet communicated when LPA messaging will be updated with these changes.
Homebridge condominium related forms will be retired or updated, as applicable. Condo forms may be found on the Forms page of the Homebridge website under Condo Specific.
If you have any questions, please contact your Account Executive.
