By Brad Beckett on April 2, 2026
The FHFA says Fannie Mae and Freddie Mac are removing certain homeowners insurance requirements. They say these rule changes mean lower monthly payments, more first-time buyers able to close on homes, and rural communities keeping access to insurance they were at risk of losing. Click here to read more.
Key points from their media release;
- Big Wins for Condo Owners and Buyers
- Condo buildings can now use the cheaper ACV roof coverage.
- The complicated “maximum per-unit deductible” rule has been simplified.
- Result: Many condo buildings that were getting priced out of the mortgage market will now qualify again.
- A Confusing 2024 Rule Is Gone
- The agencies are scrapping an unnecessary “clarification” from 2024 that would have slowed down insurance claims and driven up costs for no good reason.
- Roof Insurance Gets Way More Affordable
- Fannie and Freddie will now accept Actual Cash Value (ACV) coverage on roofs for single-family homes and condos. → ACV pays what your roof is actually worth today.
- The rest of the house still gets full Replacement Cost Value (RCV) protection – meaning it will be rebuilt brand-new if disaster hits.
- This fixes a real problem: full replacement roof coverage has become ridiculously expensive and hard to find in many states.
“These updates mean lower monthly payments, more first-time buyers able to close on homes, and rural communities keeping access to insurance they were at risk of losing. Homeowners still get strong protection – just at prices that actually make sense in 2026. Bottom Line: if you’re buying a home or condo, or already own one with a Fannie or Freddie mortgage, your insurance bill just got easier to swallow.”
Showing 1 reaction