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Fannie Mae Condo mortgage rules
Hi, I've seen several posts on how FM condo rules potentially affect the selling of condo units. I've checked FM website and read the rules however I am unable to find the exact definition of Condo by FM. I saw a lot of conflicting information on the Internet about whether condo is a type of RE ownership or just a bunch of units sharing walls. I have a fee simple townhouse (with defined property boundary of my unit), it shares walls on both sides and has a HOA. Can it be regarded as a condo in FM's book?