Are Florida condos harder to finance now?
Often yes. Florida's 2022 condo law (SB 4-D) and subsequent updates require milestone structural inspections and full funded reserves on older buildings. Projects with deferred maintenance or pending assessments now face more financing friction. Newer projects and well-managed older ones still finance smoothly.
What this actually means.
Florida's response to the Surfside collapse — milestone structural inspections required at 30 years (or 25 within 3 miles of the coast), and full funded reserves with no waivers — affected many older buildings. Projects without funded reserves, with pending special assessments, or with deferred maintenance face Fannie/Freddie warrantability issues. Lenders also tightened condo project review during this period. The result: financing some older Florida condos is harder than it used to be, but newer and well-managed older projects still close routinely.
Where this can move.
Project FHA/conventional warrantability, owner-occupancy ratio, project insurance and reserves, litigation, and Florida 2022+ condo law can change the answer.
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Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.