Condos

Last updated: October 5, 2026

CURRENT RULE

UWM non-warrantable condos (agency, DU/LPA eligible): purchase and rate-term refinances up to 50% DTI; cash-out stays at 45%. Cash-out on non-warrantables still needs a full condo review. Fannie project standards (SEL-2026-08, effective for project reviews on/after Jan 4, 2027): adequacy of HOA reserves gets a tighter objective test. Lenders can comply now.

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Your condo’s HOA matters as much as your credit score. Let me review the project early so the HOA doesn’t surprise us at the finish line.

DON’T MESS UP

The 50% DTI is purchase and rate-term only. Cash-out non-warrantable stays at 45%.
Pull the condo questionnaire early. Weak reserves are the number-one condo deal killer.
Ask the lender about their specific condo review requirements. They differ more than any other product.

WATCH

Fannie’s reserve-adequacy test (Jan 4, 2027) could flag projects that pass today. Flag older or underfunded HOAs early.

Part of the GTG LO Library. Confirm the current rule with your lender before quoting.