The buyer qualifies.
The building doesn't.
Find out where a Florida condo stands under the new agency review before you list it — not three weeks into underwriting.
Free for Florida agents. No referral required.
August 3, 2026
A bigger down payment no longer skips the review.
On conventional loans sold to Fannie Mae or Freddie Mac, a larger down payment no longer skips the association's financial review. Limited Review was gated by loan-to-value; it's gone. Full Review is now the default for established projects over ten units.
On January 4, 2027, the reserve requirement rises from 10% to 15% of assessment income.
Where buildings fail.
Underfunded reserves
How the budget's reserve line reads against current agency requirements.
Coverage gaps
Property, wind, and flood limits that quietly disqualify a building.
Open litigation
Active suits, pending assessments, recreational leases.
Missing SIRS
Whether the structural integrity reserve study exists, and whether it's baseline- or fully funded.
Milestone inspection
Whether the inspection is complete, scheduled, or hasn't been addressed.
Compliant in Florida.
Ineligible for Fannie and Freddie.
Florida's SIRS law permits baseline reserve funding. The agencies won't accept a baseline-funded study to establish reserve adequacy — so a building can follow state law exactly and still lose every Fannie- and Freddie-backed buyer.
Send the documents. That's it.
01
Send the file
Address, association name, and whatever documents you have.
02
We read it
We read it against current Fannie Mae and Freddie Mac guidelines, under the supervision of a licensed mortgage professional.
03
You get an answer
A written read on where the building stands, usually within two business days.
We're a Florida mortgage broker. Reading an association's budget is work we have to do before we can lend in a building at all, so we'd rather do it early. The review is free to any Florida agent who asks, with no obligation to you, your buyer, or your seller, and nothing is required in return.