On the Fannie Mae unavailable list? Start with the finding.
When a buyer’s financing hits a project eligibility issue, your board needs a clear explanation and a documented next step.
What does “unavailable” mean?
If someone tells you the association is on a “Fannie Mae blacklist,” ask for the specific project finding and its source. Avoid building a response around a label or an agent’s secondhand description.
Three questions. A better starting point.
What finding was reported?
Get the exact project condition and where it came from.
What do your records show?
Compare the finding with the association’s current, dated documents.
What needs to happen next?
Decide who follows up, with which records, and by when.
A lender’s declined loan and a Fannie Mae project status are different pieces of information. Gather both before deciding what to address. A useful working file includes the exact finding, the date, the relevant records and the person responsible for follow-up.
Ask the lender
“Can you share the specific project eligibility concern and identify the documentation needed for your review?”
How do you check your condo’s status?
Fannie Mae’s Condo Status Finder is free for HOAs, property managers and authorized advisors. Register with your HOA role, then search for your project.
Open Fannie Mae Condo Status Finder ↗
No findings
A record was found without a current ineligible designation. This is not project approval or confirmation of a completed review.
Ineligible conditions
Review the conditions displayed. Save the findings and collect records relevant to each issue.
No project found
The search did not locate your project. Check the identifying information; this result does not establish eligibility.
Multiple projects
Refine your search so you are working with the correct association.
How can a board address an unavailable status?
Record the exact issue.
Keep the reported condition and the lender’s request together. Assign a board or management contact to coordinate the file.
Match the issue to evidence.
Organize dated records that explain the condition, any correction and any remaining work. Identify questions for the association’s insurer, engineer or attorney where appropriate.
Request the appropriate follow-up.
If information is inaccurate or conditions have changed, the Status Finder user manual directs HOAs to contact Fannie Mae through the tool with supporting documentation. Fannie Mae reviews the materials and communicates next steps.
Keep the lender informed.
Share updated records through the lender’s requested process. Keep a dated log of requests, responses and unresolved items.
No consultant can promise removal from an unavailable designation or guarantee a buyer’s loan approval.
What should your manager gather?
Start with the records you have. The specific finding determines what else is needed.
- Status result and lender correspondence
- Current adopted budget
- Reserve study and funding records
- Master insurance policy documents
- Completed condo questionnaire
- Relevant inspection or repair records
- Governing documents
- Supporting records for the reported issue
Use an agreed secure document-sharing process for confidential association records. Our lender questionnaire checklist can help organize the file.
Common questions
Does “no findings” mean our condo is Fannie Mae approved?
No. It does not establish that the project has been reviewed or approved. The lender still needs to determine the applicable requirements for the transaction.
Can Condo Consult guarantee that our project will be removed?
No. A project review can help organize the evidence and identify follow-up items. Status changes and financing decisions remain with the responsible parties.
I’m an owner or real estate agent. Where should I start?
Request the lender’s exact project concern and share it with the association’s board or manager. They can coordinate the association records and decide whether a project review would help.
Is this the same as FHA approval?
No. This guide addresses Fannie Mae project concerns. Condo Consult’s review scope focuses on Fannie Mae condominium project guidelines.
Have a condo project that needs a clear picture?
Tell us about your association. We confirm what we need, the timeline and the cost before any work begins.