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HOA named insured equal to 3 months of HOA dues projects 20 units. Underwriter Approval Date Approval Expiration Date. Fannie Mae Condominium Questionnaire Full Review with or without CPM 5 Units Date Loan No. Borrower s Name Project Name Exact Phase Number Project Address County City State Zip Subject Property Address/Unit A mortgage loan is being processed on the subject property listed above. Is the HOA subject to a Master or Umbrella association If yes Name Is project professionally...

How to fill out condo questionnaire

How to fill out HomeBridge Wholesale Fannie Mae Condominium Questionnaire

1. Start by reading the instructions provided with the HomeBridge Wholesale Fannie Mae Condominium Questionnaire.
2. Fill in the basic information about the condominium project, such as the name, address, and contact details.
3. Provide details about the management company responsible for the condominium, including their name and contact information.
4. Complete the section detailing the financial information of the condominium, including budget, reserves, and insurance coverage.
5. Answer questions regarding occupancy rates, rental restrictions, and whether the condominium is owner-occupied or investor-owned.
6. Include any additional information about amenities, property features, and overall conditions of the condominium.
7. Review all information for accuracy and completeness before submitting the questionnaire.

Who needs HomeBridge Wholesale Fannie Mae Condominium Questionnaire?

1. Homebuyers applying for financing through HomeBridge Wholesale who are interested in purchasing a condominium.
2. Real estate agents and brokers who need to provide necessary documents for clients buying condominium units.
3. Condominium management companies that are required to provide information about the property for financing purposes.

People Also Ask about

What is a Fannie Mae condo questionnaire?

The Condominium Project Questionnaire (Form 1076) helps lenders collect data to determine condo project eligibility. This form is optional; however, lenders are encouraged to use and retain the form in the loan file. A substantially similar form may also be used in its place.

Does Freddie Mac require condo questionnaire?

There is no “legal” requirement to complete the Questionnaire; however, if the Questionnaire is not completed, the condo will likely be ineligible for mortgage insurance from Freddie Mae or Fannie Mac, effectively excluding units in that community from being approved for financing.

How much is a condo questionnaire fee in Florida?

ingly, the statute makes it clear that Condominium Associations are entitled to charge for questionnaires up to the following amounts: 1. $150.00; 2. the 'reasonable' cost of photocopying; and 3.

What is a condo questionnaire in Florida?

A condo questionnaire is a document that a mortgage lender sends the property manager of a condominium. It asks several pages of questions related to the budget and management of a condominium.

What is the full form of condo?

A condo, short for condominium, is an individually owned residential unit in a building or complex comprised of other residential units. Condo owners share a common space and often pay association fees to maintain the common space, amenities, and other shared resources.

Who pays for condo questionnaire in Florida?

If the requirements are met, the lender can in turn consider providing a loan to the condo buyer. Someone associated with the condo fills out the questionnaire. This is often the condo building's managing agent. The borrower cannot fill it out directly.

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What is HomeBridge Wholesale Fannie Mae Condominium Questionnaire?

The HomeBridge Wholesale Fannie Mae Condominium Questionnaire is a standardized form used to gather essential information about a condominium project to determine its eligibility for mortgage financing under Fannie Mae guidelines.

Who is required to file HomeBridge Wholesale Fannie Mae Condominium Questionnaire?

The questionnaire is typically required to be filed by lenders or mortgage brokers when assessing a condominium project's eligibility for financing.

How to fill out HomeBridge Wholesale Fannie Mae Condominium Questionnaire?

To fill out the questionnaire, one must collect information regarding the condominium project, including financials, management structure, and property details, and then accurately complete each section of the form as per Fannie Mae's guidelines.

What is the purpose of HomeBridge Wholesale Fannie Mae Condominium Questionnaire?

The purpose of the questionnaire is to evaluate the financial stability and operational aspects of a condominium project, ensuring it meets specific criteria set forth by Fannie Mae for mortgage lending.

What information must be reported on HomeBridge Wholesale Fannie Mae Condominium Questionnaire?

The questionnaire requires reporting of information such as the condominium's financial statements, budget, ownership distribution, operational history, and any legal issues affecting the property.