Homebridgewholesale wp-content uploadsFANNIE MAE CONDOMINIUM QUESTIONNAIRE FULL REVIEW 5+ UNITS 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the date and loan number at the top of the form. This information is crucial for tracking your submission.
  3. Fill in the borrower(s) name, project name, and project address, ensuring accuracy as this will be used throughout the review process.
  4. In the PROJECT PROFILE section, provide details about unit sales. Specify total units, units under contract, and those that have closed. Be thorough to avoid delays.
  5. Indicate any delinquency percentages and monthly dues for the subject unit. This information helps assess financial health.
  6. Answer questions regarding ownership concentration and project completion status. These are critical for eligibility assessments.
  7. Review all sections carefully before submitting to ensure all required fields are completed accurately.

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For a condo to qualify for Fannie Mae condo eligibility, the building must meet strict requirements related to financial health, safety, insurance, reserves, and governance. If Fannie Mae determines that a building no longer meets these standards, it becomes ineligible often referred to as being blac3klisted.
There is no statute requiring boards to docHub their condominium project as a whole for FHA insured financing.
The responsibility for paying the condo questionnaire fee is normally on the Buyer or Lender. When is the Condo Questionnaire ordered during the real estate transaction? The Condo Questionnaire is ordered once the buyer and seller have agreed on terms and signed a purchase agreement.

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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.