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What is a HOA questionnaire?

The questions concern basic information about the development, insurance coverage, rules around reselling, and more. Since the HOA makes property decisions that can affect a lenders willingness to finance the sale, the questionnaire responses are typically part of the mortgage approval process.

Is condo questionnaire needed for underwriting?

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.

Who completes HUD form 9991?

The Mortgagee must complete form HUD-9991. The Mortgagee must complete the questionnaire with information obtained within the last 90 days from verifiable sources, including a Condominium Association, public records, independent third parties, or other data sources.

How long is a condo questionnaire good for?

The streamlined PERS submission process for established projects requires the Condominium Project Questionnaire (Form 1076), or a substantially similar form, to be completed within the past 180 days. For complete topic details, see B4-2.2-06, Project Eligibility Review Service (PERS). Does the Condominium Project Questionnaire have an expiration fanniemae.com Project-Eligibility fanniemae.com Project-Eligibility

Is condo questionnaire needed for underwriting?

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. B4-2.1-01, General Information on Project Standards (03/01/2023) fanniemae.com Selling-Guide B4 fanniemae.com Selling-Guide B4

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