Starting August 3, 2026, Fannie Mae and Freddie Mac require thorough reviews of condo finances, reserves, inspections, and maintenance in Florida, replacing simplified loan processes. This may cause longer closings, more paperwork, and increased loan denials, especially in older or underfunded buildings. Associations must boost reserve funding to 15% of budgets by January 2027. Buyers and sellers face challenges as stricter rules impact financing and market dynamics statewide.