What this means for your plan
Where flood insurance is required, an NFIP General Property Form alone is insufficient for an attached condo building with more than 25% commercial space. Freddie Mac specifies private coverage, or an eligible combination with private coverage, meeting its applicable condo requirements. This clarification takes effect December 6, 2026; it is not a new requirement that every condo carry flood insurance.
For a Seattle-area buyer comparing mixed-use buildings, request the association's insurance documents before relying on a closing date. Ask your lender which investor's rules apply and have the association's insurance professional explain any coverage gap. Freddie Mac's policy is not automatically the policy for Fannie Mae, FHA or every lender, and it is not limited to Washington.
Separate project eligibility from your own qualification and budget. Ask who will obtain any missing documents, whether a policy change is proposed, and whether the association anticipates a cost change. Do not assume a premium increase, a lower payment or loan approval. Existing owners can take the same questions to their association before planning a refinance.
Your next step
Ask the lender and HOA insurance professional to confirm the building's commercial share, required flood coverage and any action needed before December 6; keep unresolved insurance questions on your purchase or refinance checklist.
Related guidance
Educational information, not a rate quote or loan approval. Confirm current program and lender requirements for your transaction.