Freddie Mac Seller/Servicer Guide 5701.6: New Condominium Projects
Effective for Mortgages with Application Received Dates on or after August 3, 2026.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5701.6 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Project completion requirements
- (a) Owner-occupancy requirements for New Condominium Projects
- (b) Project budget requirement for New Condominium Projects
- (c) Delinquent assessments for New Condominium Projects
- (d) Compliance with laws
- (e) Limitations on ability to sell/right of first refusal
- (f) Conversions
- (g) Mortgagee consent
- (h) Rights of Condominium mortgagees and guarantors
- (i) First mortgagee’s rights confirmed
- (j) Requirements when a Seller relies on a project reserve study for New Condominium Projects
- (k) Requirements when a Seller relies on contributions to a working capital fund for New Condominium Projects
- (l) New Condominium Project sold with excessive Seller contributions
- (b) Owner-occupancy requirements for New Condominium Projects
- (c) Project budget requirement for New Condominium Projects
- (d) Delinquent assessments for New Condominium Projects
- (e) Compliance with laws
- (f) Limitations on ability to sell/right of first refusal
- (g) Conversions
- (h) Mortgagee consent
- (i) Rights of Condominium mortgagees and guarantors
- (j) First mortgagee’s rights confirmed
- (k) Requirements when a Seller relies on a project reserve study for New Condominium Projects
- (l) Requirements when a Seller relies on contributions to a working capital fund for New Condominium Projects
- (m) New Condominium Project sold with excessive Seller contributions
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.