Fannie Mae Announces Updates to Single-Family Project Standards and Property Insurance Requirements

Today, Fannie Mae published Lender Letter LL-2026-03 communicating targeted policy updates to condo project standards and property insurance requirements for one-to-four-unit properties and project developments. These changes are being implemented in alignment with Freddie Mac, in coordination with U.S. Federal Housing (FHFA), and in response to industry feedback.

This Lender Letter provides updates on several topics, including, but not limited to:

• General Project Standards and Project Eligibility
• Property Insurance Requirements for One-to Four-Unit Properties
• Master Property Insurance Requirements for Project Developments
• Individual Property Insurance Requirements for a Unit in a Project Development

Please refer to the Lender Letter for full details.  

For questions, please contact the Fannie Mae Investor Help line at 1-800-232-6643, Option 3, or by email.