Fannie Mae increased their single-entity owner percentage for condominiums to 20%. Previously it was 10%. Freddie Mac is still more lenient at 25%, so contact me first to see what programs work for your new condo listings!
Related Article Title: Fannie Mae Selling Guide Announcement SEL-2018-05 – Dated June 5, 2018 – NEW CHART-Manufactured Homes-All Agencies-UPDATED Chart-Condo Project Reference Chart-UPDATED MTPs™ Fannie Condo Project Approval Rules-Fannie Prohibited Condos By: Lloyd Rutherford, Staff Writer Manufactured Homes are becoming a strong and viable alternative in areas where prices have become unaffordable for many buyers. […]