The August 2026 conventional Full Review change
Why we publish no conventional status, and what changed for condo buyers using Fannie Mae or Freddie Mac financing.
Conventional financing on a condominium depends on a project review — the lender checks the association's budget, reserves, insurance, owner-occupancy, litigation and structural position against the investor's rules. From 3 August 2026, more South Florida condominium projects fall into the stricter Full Review path rather than the lighter limited review, which means more documents from the association and a longer lead time before a lender can commit.
This is investor policy, not statute. There is no citation to give you here, and that is the honest answer rather than a gap in our data: Fannie Mae and Freddie Mac set these rules through their selling guides and lender letters, and they revise them on their own schedule.
It also explains something you will see on every building record on this site. Conventional standing is not publishable — the project-eligibility lists that lenders work from are not public record, so we show no status for it in either direction. Anyone publishing a green or red conventional badge for a named building is inferring it. A licensed loan officer can check the live position for a specific building in minutes, and that costs you nothing.
- Ask a loan officer to run the specific building before you write an offer — not after.
- Boards: the questionnaire your association returns is what the review is built on. A slow or incomplete one reads as a red flag it may not deserve.
- Sellers: if conventional review is the obstacle, cash and portfolio buyers aren't affected by it. Price and market accordingly.