# Condo Buying Gets Tougher Due to Mortgage Changes

- Topic: business
- Source: Video published by CNBC
- Published: 2026-08-03
- Original: https://www.youtube.com/watch?v=DxKDQpV_2ko
- Language: en

Mortgage lenders are now required to conduct a more comprehensive review of condo associations' finances and building conditions before approving a mortgage. This change could affect up to 40% of condo purchases and make it harder for buyers to get approved.

## Key takeaways

- Fannie Mae and Freddie Mac are introducing new mortgage review standards for condo purchases.
- Lenders must now assess condo associations' finances, reserve funds, and building conditions.
- This change could affect up to 40% of condo purchases and make the mortgage approval process longer and more complicated.
- Buyers may need to provide more documentation or pay a higher down payment to get approved.

> Summary by Daily Read Bytes. Read the original at https://www.youtube.com/watch?v=DxKDQpV_2ko