Building Reviews and Warrantability

Rule changes and news about how lenders review Chicago condo buildings under Fannie Mae and Freddie Mac standards. Start with our guide to warrantable vs. non-warrantable condos.

The Condo Reserve Requirement Rises to 15% in January 2027: What Chicago Buyers and Owners Should Know

Chicago Condo Loans Editorial Team / September 26, 2026

For Full Review loan applications dated on or after Jan. 4, 2027, Fannie Mae requires condo buildings to budget at least 15% of assessment income for reserves, up from 10%. What it means for Chicago budgets, owners and buyers.

Building Reviews and Warrantability

Limited Review Is Gone: What the August 3, 2026 Condo Change Means for Chicago Buyers

Chicago Condo Loans Editorial Team / September 26, 2026

For conventional loan applications dated on or after Aug. 3, 2026, Fannie Mae no longer allows Limited Review of established condo buildings. What a Full Review checks, which Chicago buildings feel it most, and what buyers should do now.