Fannie Mae condo loan changes 2026", "condo Full Review", "investor concentration limit removed

Posted by Team Donovan on August 5th, 2026

Published August 5, 2026 • Financing & Mortgage News

Fannie Mae & Freddie Mac Condo Loan Changes 2026: What Orlando Vacation Home Buyers & Sellers Need to Know

If you're buying or selling a condo in the Orlando vacation home market, the rules for conventional financing just changed — in a big way. On March 18, 2026, Fannie Mae (Lender Letter LL-2026-03) and Freddie Mac (Bulletin 2026-C) announced coordinated updates to how condominium projects are approved for conventional loans. The biggest of those changes took full effect on August 3, 2026.

Some of these changes are genuinely good news for buyers of resort condos near Disney. Others mean more paperwork and more scrutiny of the condo association itself. Here's everything explained in plain…

Why Should Vacation Home Buyers Care about REOs?

Posted by Team Donovan on March 30th, 2016

Are you in the market for an Orlando vacation home? If so, you may have come across a listing on a real estate website like Team Donovan’s that says the home is a bank owned / REO property. REO stands for Real Estate Owned, which means the home has been foreclosed upon and repossessed by the lender (which is typically a bank).

Foreclosure processes vary by state, but the end result is the same. After a bank forecloses on a property, they place the home into their inventory of real estate owned. At this point, federal agencies such as Freddie Mac, Fannie Mae or HUD (Housing of Urban Development), may have to settle with the bank if there was some type of guaranteed loan involved. It doesn’t matter whether these agencies or the bank own the property,…