{"id":7047360,"date":"2026-08-25T13:42:37","date_gmt":"2026-08-25T13:42:37","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/real-estate\/the-first-question-to-ask-when-reviewing-condo-association-financials\/"},"modified":"2026-08-25T13:42:37","modified_gmt":"2026-08-25T13:42:37","slug":"the-first-question-to-ask-when-reviewing-condo-association-financials","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=7047360","title":{"rendered":"The first question to ask when reviewing condo association financials"},"content":{"rendered":"


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Condo lending rules are changing. We recently covered the details<\/a>, but here’s the short version: to qualify for a conventional loan, most condo associations will need to set aside at least 15 percent of their monthly budget for reserves \u2014 up from the current 10 percent.\u00a0<\/p>\n

\"New<\/p>\n

\u00a0(Listing photo courtesy of Step Inside Media<\/a>.)<\/em><\/p>\n

This number has real consequences for both buyers<\/a> and sellers<\/a>. So whatever side of the transaction you’re on, this should be the first question you ask when you sit down with a set of condo financials:<\/p>\n

What percent of the monthly budget goes toward reserves?<\/strong><\/em><\/p>\n

If the answer is below 15 percent, it could mean the association isn’t yet positioned to qualify for conventional financing \u2014 which matters differently depending on where you sit:<\/p>\n