B4-2.2-07, Projects with Special Considerations (08/06/2025)

Lenders may identify projects that merit special consideration even though the project characteristics do not meet all of the Fannie Mae eligibility requirements. In these instances, lenders can contact the Fannie Mae Project Standards team to discuss the possibility of accepting such projects through the PERS process. Exceptions to Fannie Mae eligibility and underwriting requirements are considered on a project-by-project basis. (See B4-2.2-06, Project Eligibility Review Service (PERS)B4-2.2-06, Project Eligibility Review Service (PERS), for additional information.)