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Fannie Mae and Freddie and the other government backed lender programs can and do request various types of coverage on HOA and Condo Associations
and also can demand that the association have prohibitions against renting out more than a small percentage of the units. There is no information available on "percentage of home buyers" I am afraid, but you can use a conventional mortgage
which would allow you to avoid the restrictions on insurance that are imposed by the government backed loans.
The federally backed loans all have numerous restrictions not imposed by conventional mortgages and many of them are onerous and will not be waived, even though there is no law that the association must have Ordinance and Law insurance in FL (the requirement is not a law, it is just a requirement on the borrower imposed by the government backed lender, which they have a right to do).
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