FHFA Rule Tweaks Target Lower Home Insurance Costs for Buyers and Condos
The FHFA is updating Fannie Mae and Freddie Mac rules to lower homeowners’ insurance bills by allowing Actual Cash Value (ACV) roof coverage on single-family homes and condos, simplifying the maximum per-unit deductible, and scrapping a 2024 clarification. The changes are aimed at making mortgages more affordable—especially for condo owners and rural buyers—while preserving full replacement-cost protection for the rest of the home.