>There could easily be a formula of like 10% of annual dues need to be put in a rainy day fund or something Fannie mae and freddie mac require at least 10% of

>There could easily be a formula of like 10% of annual dues need to be put in a rainy day fund or something Fannie mae and freddie mac require at least 10% of gross dues go into reserves. FHA and VA have higher standards. So only cash buyers, or buyers with non standard loans can buy condos that don't meet this requirement. But unless a condo is a townhome style building where there is very little common property this should really be 25% or higher