WebApr 5, 2024 · in a planned unit development (PUD) or subdivision project. Properties located in a condo, co-op, or PUD project must meet Fannie Mae’s project standards requirements (see Chapter B4–2, Project Standards). Ineligible Properties Fannie Mae does not purchase or securitize mortgages on vacant land or land development properties; WebProperty Type Project Classification Occupancy Status Additional Property Information 1 unit Freddie Mac Fannie Mae Primary Residence Number of Units 2- to 4-units Streamlined Review P Limited Review New Detached E PUD 1 Co-op Second Home Sales Prci e $
Determining Condominium Project and Mortgage …
WebFannie Mae is committed to helping lenders lend with confidence. Our ongoing commitment to risk management makes condos a more sustainable and affordable homeownership option for many borrowers. Get Started Step 1: Determine a Condo Project Review Type Step 2: Follow the Condo Project Review Type Requirements Web7 rows · Apr 5, 2024 · Full Review—Established condo project: T: Fannie Mae-approved condo or PUD project, including ... high protein tuna wrap recipes
Project Standards Requirements - Fannie Mae
WebFeb 28, 2024 · Projects in which a single entity (the same individual, investor group, partnership, or corporation) owns more than the following total number of units in the project: Projects with 5-20 units – 2 units Projects with 21 or more units – 20% of the total units The total space that is used for nonresidential or commercial purposes may not … WebFannie Mae is committed to helping lenders lend with confidence. Our ongoing commitment to risk management makes condos a more sustainable and affordable homeownership … Web1 An Established Condominium Project is a Condominium Project in which: The Condominium Project (all condominium units, common elements and amenities) and … how many btus to heat a room calculator