The Condo Desk Facts
Fannie Mae Data
Since 2021, the number of condo mortgages acquired by just Fannie Mae that have been able to take the shortcut for HOA Certification has grown from 2% to more than 30%!
Saving Borrowers Money!
Between March 2022 and June 2023, Fannie Mae alone purchased more than 42,000 project eligibility shortcut loans, saving borrowers an estimated $13+ million in project review fees.
"Project Certified"
"Project Certified"
About 90% of the condo projects that are reviewed at loan sale are Fannie Mae or Freddie Mac eligible... & our sweet boy Pepper, the Condo Dog, loves this!