FL S1794

Florida condominium buyers face a maximum 75% loan-to-value ratio (requiring 25% down payment) under Fannie Mae's 2025 Selling Guide, while buyers in other states qualify for 90% LTV (10% down payment) under identical review criteria

Resolution urges the Federal Housing Finance Agency to direct Fannie Mae and Freddie Mac to eliminate the higher down payment requirements specific to Florida condominiums

Current lending restrictions are cited as harming first-time homebuyers, reducing condominium sales, diminishing property tax revenues, and limiting wealth-building opportunities for Florida residents

Resolution argues the geographic disparity conflicts with fair housing and equal credit principles under the Civil Rights Act of 1866, Fair Housing Act, and Equal Credit Opportunity Act

Copies of the resolution would be sent to the U.S. President, congressional leadership, and all Florida members of Congress