Navigating the Florida condo market has always required a sharp eye, but recent changes in lending rules raise the bar even higher. Lenders now require full financial reviews of condo associations and increased reserve funds, making it more challenging for buyers to secure conventional loans—an issue I’m seeing frequently in our market. This shift is especially impactful here in Florida, where condo demand remains robust. As a managing broker with years of experience across residential and commercial real estate, I’m watching many buyers explore portfolio and non-qualified mortgage options to keep their plans on track. Understanding these new requirements is essential for anyone looking to buy or sell a condo today, and it’s another area where having knowledgeable guidance can make all the difference.
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