Does Fannie Mae/ Freddie Mac have a minimum square footage requirement?

"FNMA does not specify minimum size or living area requirements for properties. However, dwelling units of any type should have sufficient living area to be acceptable to typical purchasers or tenants in the subject market area. There should be comparables of similar size to the subject property to support the general acceptability of a particular property type." This is straight out of the guidelines.. however, keep in mind that lenders can have their own set of rules called overlays.. it's these overlays that might have a minimum square footage requirement.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Lenders may require 400 to 600 square feet, depending on the comparable properties.

There really isn't any requirements. Lenders may have their own requirements based on their own internal guidelines. But either way with a DU Approval you should be able to find a lender to finance it.

Unit Square FootageFannie Mae's current Selling Guide states that loans secured by units in projects with names that include the word "hotel" or "motel" are not eligible for purchase or securitization by Fannie Mae. Recent reviews of units in condo projects show that many condo projects that have units with less than 400 square feet have use restrictions, are managed and operated like hotels or motels, and have a significantly higher investor concentration. Currently, there is no policy that addresses square footage or unit size. Therefore, Fannie Mae is requiring that new condo projects (as defined in B4-2.2-01, Condo Project Eligibility) that contain one or more units with less than 400 square feet of space be submitted to PERS to determine eligibility.emarez@thefederalsavingsbank.com

Minimum square footage requirement for a home, condo, lot, garage... What exactly is your question in reference to?

Generally speaking no, but in reality yes... Once you get below 500 square feet, you are likely to run into issues.

no required size for Fannie/Freddie but as with everything else, lenders can have overlays.