---
title: Is 10% the FHA reserve requirement for condo associations?
description: What is the FHA minimal reserve requirement for condo associations and HOAs?
---

[Condo Q&A ](https://www.condoassociation.com/blog)

# [Is 10% the FHA reserve requirement for condo associations?](https://www.condoassociation.com/blog/tabid/19257/bid/12901/Is-10-the-FHA-reserve-requirement-for-condo-associations.aspx)

 Written by [CondoAssociation.com](https://www.condoassociation.com/blog/author/condoassociationcom) | Fri, Jun 11, 2010 @ 02:07 PM

We recently sold our Ohio condo and were awaiting title transfer when suddenly we were told the bank would not honor their commitment to our buyer because our 26 unit condo does not have sufficient money in the [reserve fund](https://www.condoassociation.com/blog/tabid/19257/bid/12024/Condo-Association-Reserve-Funds-Use-and-Regulations.aspx). The unit-owners have always voted to waive the 10% [condo association reserve](https://www.condoassociation.com/blog/tabid/19257/bid/12820/Reserve-study-primer-for-HOAs-and-Condo-Associations.aspx) requirement. The loan agent tells us that any loan going through [Freddie Mac](https://www.condoassociation.com/www.freddiemac.com) or [Fannie May](https://www.condoassociation.com/www.fanniemae.com) must meet the reserve requirement. We are also being told that due to new requirements, unless we can sell our condo for cash, we will not be able to sell it at all. Can this possibly be true?

[View full post](https://www.condoassociation.com/blog/tabid/19257/bid/12901/Is-10-the-FHA-reserve-requirement-for-condo-associations.aspx)

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