---
title: "What Is Fannie Mae Property Condition Assessment? | Calibre Glossary"
description: "A Fannie Mae property condition assessment is a physical evaluation of a multifamily property, prepared under the Fannie Mae Multifamily Guide, that."
url: https://calibre.multisites.ai/glossary/fannie-mae-property-condition-assessment
publisher: Calibre Commercial Inspections
phone: "+1-208-305-6245"
email: Schedule@CalibreCBI.com
---

Financing and lending

# Fannie Mae Property Condition Assessment

A Fannie Mae property condition assessment is a physical evaluation of a multifamily property, prepared under the Fannie Mae Multifamily Guide, that identifies conditions affecting resident safety and marketability and sets repair and reserve needs.

## Why it matters

Fannie Mae multifamily loans require a PCA, and the guide covers immediate repairs and replacement reserves. Servicers must follow the guide's timing and delivery rules. Using the wrong report type can delay closing.

Source: [mfguide.fanniemae.com](https://mfguide.fanniemae.com/node/4041)

[Related Calibre serviceThird-Party Loan Servicing](https://calibre.multisites.ai/cre-services/third-party-loan-servicing)

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