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Does the HOA budget meet Fannie Mae's reserve rule?

Most condo loans follow Fannie Mae's rule: the HOA budget must put at least 10% of its assessment income into reserves, or 15% for loan applications from January 4, 2027. Nothing you type leaves this page.

Example figures shown. Type over them with the budget you are checking.

Leave out income Fannie Mae excludes (optional)

Fannie Mae lets these come out of the income figure, which makes the test fairer to the association. Leave blank if the budget has none.

Result (example budget)

11.3%

of assessment income goes to reserves ($70,000 of $620,000)

Meets the 10% rule (applies today)

Does not meet the 15% rule (applications from January 4, 2027)

The budget would need $23,000 more a year in reserves.

Check the reserve study too, free

Want every check at once? A full GoverningDocs report reads the budget, reserve study, minutes and insurance together and runs the Warrantability Checklist. See a sample report.