Tag: Fannie Mae

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Fannie Mae Blacklist Removal

🎯 Introducing ENTAR’s FNMA, FHA & VA Condo Approval Service – Unlocking Real Estate Potential for Communities Nationwide

Entar has launched a powerful new service that will change the game for loft and condo communities, homeowners, real estate investors, and military families across the United States: FNMA, FHA and VA Condo Approval by Entar. | QUICK ORDER

Backed by years of industry expertise and operated by a leading team of condo certification professionals, this streamlined approval service is designed to unlock new levels of value, liquidity, and homeownership potential for communities—while aligning with Entar’s mission to empower buyers, sellers, and investors through next-generation real estate innovation.

🔓 Why FNMA, FHA and VA Condo Approval Matters

Ask any board member, realtor, or property manager—NFNMA, FHA and VA condo approval isn’t just a “nice to have.” It’s a financial multiplier and a market-expanding catalyst for any condominium community. Without it, communities are shutting out the majority of first-time homebuyers and veterans who are ready, willing, and financially able to purchase but are limited by loan access.

With Entar’s new approval service, that barrier is removed—and doors open wide.

✅ Benefits for Condo Communities

Here’s what Entar’s FNMA, FHA and VA Condo Approval means for your HOA or condominium association:

  • 📈 Increased Buyer Pool
    FNMA or FHA loans are used by the majority of first-time buyers, and VA loans are a golden benefit for millions of veterans. Without condo approval, your units can’t be financed by these popular loan types—cutting out huge segments of qualified buyers.
  • 💰 Higher Property Values
    FNMA, FHA and VA approved condos consistently sell faster and for more. Approval increases demand, which leads to stronger resale value for every unit in the community.
  • 🏡 Reverse Mortgages Made Possible
    FHA certification is a requirement for reverse mortgages (HECM), giving senior homeowners access to one of the most important financial tools in retirement planning.
  • 🔁 Assumable Mortgages
    FHA loans are assumable—giving future buyers the power to take over a seller’s low-interest mortgage. That’s a massive sales advantage in today’s rate-sensitive market.
  • 🚫 Fewer Renters, More Owners
    FHA and VA-approved properties tend to attract more owner-occupants, which leads to more community stability and less investor speculation. FNMA-approved condos often attract more qualified buyers and support owner-occupant stability due to strict guidelines—aligning with long-term community investment goals.
  • 💼 Fiduciary Duty Fulfilled
    HOA board members and managers have a duty to protect and increase property values. FHA and VA condo approvals help fulfill that responsibility by expanding access and boosting liquidity.

🛠️ The ENTAR Advantage

With Entar, the condo approval process is fast, affordable, and hassle-free:

  • Initial FHA or VA Condo Approval – $695
    Includes a full document review, financial analysis, and submission to HUD or the VA. VA approvals are lifetime valid, while FHA approvals are valid for three years.
  • Renewals – $595
    For FHA-certified communities nearing expiration or recently expired.
  • New Construction – $1,200
    For brand-new developments, including environmental reports and builder documentation.
  • FNMA Condo Project Review – $950
    Includes document collection, lender liaison, and submission guidance for full and limited reviews
  • Pass or Don’t Pay Guarantee
    If a condo community meets eligibility criteria and doesn’t get approved, the submission fee is refunded in full.

🕒 Fast Turnaround Times

With Entar, timing is everything. The approval process takes as little as 2–4 weeks for FHA and 15–30 days for VA, depending on how quickly documents are collected. Need help communicating with the HOA or property manager? We offer optional concierge services for that too. FNMA condo project reviews typically take 2–6 weeks depending on lender responsiveness. Entar helps expedite this by coordinating directly with lenders and ensuring all required documentation is complete.

📄 What’s Required for Approval?

Entar makes it simple. We handle all the public records and guide your HOA through what’s needed. Required docs include:

  • CC&Rs and Bylaws
  • Articles of Incorporation
  • HOA Budget, Balance Sheet, and Income Statement
  • Insurance Dec Pages
  • List of Rental Units
  • Minutes of Recent Board Meetings
  • Plat Maps and Condo Plans

And for small 2–4 unit communities or new builds, special streamlined guidelines apply—including a cost-effective “Memorandum of Understanding” to replace complex reserve documents.

FNMA project approvals require many of the same documents, including financials, insurance, CC&Rs, and occupancy data. Entar helps ensure your HOA package meets Fannie Mae’s full and limited review criteria.

👨‍✈️ Special Focus on Veterans

VA condo approval helps service members, veterans, and their families purchase or refinance a home using their hard-earned benefits. Entar’s service ensures your condo meets VA requirements, helping more military buyers enjoy the American Dream. For veteran buyers who exceed VA loan limits or prefer conventional financing, FNMA-approved condos provide expanded options—Entar ensures your community is ready for both VA and FNMA-qualified buyers.

We even help facilitate waivers for previously rejected communities—a key difference that makes Entar stand out.

🧠 Misconceptions? Let’s Bust Them

  • “FHA means low-income buyers.” → False. FHA loans are used in many high-end markets and can finance homes valued over $1,000,000 in some counties.
  • “VA and FHA take over your HOA.” → False. These agencies do not govern your community. They simply certify it meets fair financial and legal standards.
  • “It’s too expensive or too hard.” → False. With Entar’s flat-rate pricing and step-by-step guidance, the process is affordable and pain-free.
  • FNMA approval is impossible for older or mixed-use buildings.” → False. While FNMA has strict criteria, Entar specializes in helping urban and mixed-use communities meet the full or limited review requirements.

🌐 How to Get Started

It only takes a minute. Visit Entar.com or call 888-240-2500 or use the online form to begin the FHA or VA condo approval process. You’ll receive a confirmation email and next steps within 24 hours.

Still not sure if your community qualifies? Let us perform a free review. We’ll let you know within two business days if your HOA is eligible, and if not, we’ll guide you on how to get there.

💡 The Market Is Changing — Will You Lead or Follow?

In today’s complex real estate environment, access to financing is king. FHA and VA condo approvals expand access, increase liquidity, boost home values, and empower communities. FHA, VA, and FNMA condo approvals expand access, increase liquidity, and empower communities with a full spectrum of financing options for today’s—and tomorrow’s—buyers.

Entar’s motto says it all: OWN TOMORROW TODAY.
That future begins with your community’s approval.

Contact Entar Today
📞 888-240-2500
🌐 www.Entar.com
📍 Serving all 50 states, DC, Puerto Rico, and U.S. territories.

Unlock new doors with Entar’s FHA & VA Condo Approval Service. Fill out the online form.

Entar is an independently owned and operated company. It is not an agency of the United States Government and is not contracted by the Department of Veterans Affairs, or the Department of Housing and Urban Development, or their affiliates. Text and photos created or modified by artificial intelligence..

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Revealed: How Fannie Mae’s Latest Condo Loan Policy Shake-up Could Protect Your Wallet and Well-being!

Fannie Mae Introduces Permanency to Condo Policy Updates. Loft Buyers Need to Know How to Overcome Unique Mortgage Hurdles

REAL ESTATE NEWS (Los Angeles, CA) — The U.S. Federal National Mortgage Association, better known as Fannie Mae, has recently confirmed updates to its policies surrounding condominiums and co-operatives, as announced in an email communication and followed by an article published on MPA Mag. The updates address various concerns related to projects with deferred maintenance, special assessments, and even some safety concerns, which had previously been only temporary provisions.

In a move that reflects the evolving landscape of condo ownership and financing, Fannie Mae is making many of these temporary provisions permanent. These provisions are designed to manage risks associated with aging infrastructure and financial instability in condominium and co-operative housing projects.

A Focus on Safety and Sustainability

The updates were first introduced on a temporary basis in 2021, with an aim to tackle the pressing issues of condo and co-op project safety and sustainability. This move came as a result of increased concerns over the aging infrastructure of such residential complexes, an issue that has been rising to the fore over recent years. Reports have suggested structural challenges have been leading to evacuations and condemnations in certain cases.

With the risk associated with these infrastructural challenges becoming more apparent, Fannie Mae has taken steps to implement the previously temporary provisions as part of its updated policies. This transition to permanency underlines the significance of these issues and Fannie Mae’s commitment to addressing them.

Addressing Deferred Maintenance and Special Assessments

The updated policies are designed to handle projects that need critical repairs, those having material deficiencies, and special assessments for projects consisting of five or more attached units. Essentially, Fannie Mae is prioritizing the safety, soundness, structural integrity, and habitability of condominiums and co-operatives and their amenities.

In order to accomplish this, developers are now required to disclose any required critical repairs and significant deferred maintenance that could potentially affect the aforementioned aspects of a condo or co-op project. This move towards transparency can provide prospective buyers with a clearer understanding of what they’re getting into when purchasing a unit in these projects.

Moreover, the Government-Sponsored Enterprise (GSE) has decided not to purchase loans secured by units in condo and co-op projects that require critical repairs or have unresolved significant deferred maintenance, until the necessary repairs are made. This is a clear move to protect both the agency and borrowers from potential risks associated with such properties.

Furthermore, Fannie Mae has adopted a new policy that requires lenders to evaluate special assessments thoroughly. This includes analyzing the reason for the assessment and evaluating the capacity of the unit owners to make timely payments for the assessment.

Promoting Safe and Sustainable Homeownership

In a blog post on Fannie Mae’s website, Jodi Horne, the director of single-family collateral risk management, expressed that the updated condo and co-op requirements aim not just to protect lenders and Fannie Mae from a risk management perspective, but also to safeguard borrowers from physically unsafe or financially unstable projects. These unstable projects could lead to unexpected spikes in homeownership costs, which can put homeowners in precarious financial situations.

In conclusion, the updates introduced by Fannie Mae underscore the organization’s commitment to promoting safe and sustainable homeownership. By making these temporary provisions permanent, the agency is taking proactive measures to ensure that homeowners, developers, and lenders are all protected from potential risks associated with condo and co-op projects. This move is likely to shape the landscape of condo and co-op ownership and financing moving forward.

What are the requirements and details of FNMA financing for a condo? Are all structurally sound condos approved for fnma financing? How, when and why does a home buyer and mortgage loan originator use FNMA for a condo purchase loan?ChatGPT

Fannie Mae (FNMA), being a government-sponsored enterprise (GSE), plays a critical role in the mortgage market by buying loans from mortgage lenders, packaging them into mortgage-backed securities, and selling them to investors. This process provides lenders with the liquidity needed to keep providing loans to borrowers. For condo purchases, Fannie Mae sets specific guidelines for loans to be eligible for purchase. Loft buildings sometimes have a harder time meeting the requirements, but loft specialist lenders are familiar with the solutions.

Fannie Mae Condo Requirements:

While individual lenders might add their own requirements, Fannie Mae provides a standard set of guidelines that need to be met for a condominium to be eligible for financing. These guidelines include:

  1. Project Completion: The project in which the condo is located must be completed, including all units and common elements.
  2. Owner-Occupancy Ratio: Fannie Mae typically requires at least 50% of the units in a project to be owner-occupied. This rule can help ensure the stability of the condo association.
  3. Delinquency Rates: No more than 15% of the total units can be 60 days or more past due on their condo association dues.
  4. Insurance Coverage: The homeowners association (HOA) must maintain a master or blanket insurance policy that covers common areas. Individual owners must also have insurance for personal property and liability.
  5. Budget Review: The project’s budget should be adequate to manage and maintain the property, with enough set aside for reserves.
  6. Single Entity Ownership: No single entity (like a person or an investment group) may own more than 10% of the units in a project.
  7. Legal Phasing: For projects with multiple phases, each phase must be legally separate with its own budget and financials.
  8. Litigation: The condo association should not be involved in any litigation that relates to the safety, structural soundness, or habitability of the project.
  9. Commercial Use: No more than 35% of the project’s total floor area can be used for commercial purposes.
  10. Special Assessments: If there are special assessments, the lender must review them, including the reason for the assessment and the ability of unit owners to make timely payments.

Are All Structurally Sound Condos FNMA Approved?

Even if a condo is structurally sound, it doesn’t automatically mean that it will be approved for Fannie Mae financing. It must meet all the other requirements listed above.

How, When, and Why Use FNMA for a Condo Purchase Loan?

Home buyers and mortgage loan originators use Fannie Mae for condo purchases primarily when the condo meets all Fannie Mae guidelines and the buyer meets the borrower requirements set by Fannie Mae (such as credit score, debt-to-income ratio, etc.).

Home buyers may choose to use Fannie Mae-backed loans because these loans often come with competitive interest rates and can require lower down payments. Additionally, they may also offer more lenient credit requirements than other loan types.

For loan originators, selling loans to Fannie Mae allows them to remove the loans from their books, freeing up capital so they can make more loans. They can also potentially earn income from servicing the loan if they retain the servicing rights.

It’s crucial to note that if a condominium doesn’t meet Fannie Mae’s guidelines, it’s considered non-warrantable, and financing options can be more limited. However, some lenders specialize in non-warrantable condo loans, and alternative financing options might be available.

Are most condo loans FNMA? What percentage of condo loans are FNMA?

The exact percentage of condominium loans backed by Fannie Mae (FNMA) can fluctuate over time and is not publicly disclosed on a regular basis. However, it’s important to note that Fannie Mae, together with Freddie Mac, another Government-Sponsored Enterprise (GSE), is a significant player in the U.S. residential mortgage market.

Fannie Mae and Freddie Mac together own or guarantee about half of all mortgages in the United States, including a significant portion of condominium loans. The rest of the market consists of various other players such as the Federal Housing Administration (FHA), Veterans Administration (VA), private lenders issuing jumbo and non-qualified mortgages, and others.

Fannie Mae and Freddie Mac have traditionally been popular choices for financing condominiums due to their favorable terms, relatively low interest rates, and less stringent credit requirements compared to some other types of loans. However, they have specific criteria that a condominium project must meet to be eligible for their loans, which can sometimes limit their use in certain situations.

If a condominium project doesn’t meet Fannie Mae or Freddie Mac’s guidelines, it may be considered “non-warrantable,” and the availability of Fannie Mae or Freddie Mac financing for units in the project will be limited. In these cases, potential buyers might have to seek alternative financing options, such as portfolio loans from banks or other lenders.

Some loft buildings have issues that affect their qualification for financing. To avoid delays and loan failures, such as falling out of escrow, it is often advisable, sometimes a requirement, to use a loft specialist lender when financing the purchase of an industrial, historic conversion or live/work loft condominium. A free list of local loft lenders is available upon request. Fill out the online form:

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.