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Approved Condo Project

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Approved Condo Project refers to a Condominium Project that meets the Conventional (or FHA) Condominium Project Approval requirements as determined by review under Fannie Mae Condominium Project Standards for conventional mortgages (or DELRAP or HRAP for FHA mortgages).

Note that a condominium project can be approved per Fannie Mae guidelines but potentially not approved per FHA guidelines.

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