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Fannie mae condo questionnaire pdf

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The document is a Condominium Project Questionnaire designed for lenders to gather essential information from Homeowners' Associations (HOAs) or management companies regarding a condominium project. It aims to assess the project's eligibility for mortgage financing by collecting details about the project's legal and physical addresses, HOA information, project completion status, financial conditions, ownership structure, insurance coverage, and contact information. The form requires specific responses to various questions related to project characteristics and financial health.

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What is Fannie Mae form 1073?

An Individual inium Unit Appraisal Report (ICUAR) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in ance with the UAD Specification.

What is a 1025 used for?

What is a Small Residential Income Property Appraisal Report (Form 1025)? This is the industry-standard appraisal report type for 2-4 unit residential properties. It is the most commonly used report format for two to four unit residential income property appraisals.

What is a 1025 form in mortgage?

Fannie Mae 1025, Small Residential Income Property Appraisal Report. Also known as the Freddie Mac form 72. This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).

What is a 1025 appraisal form used for?

The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects.

What is form 1076?

Government-sponsored enterprises (GSEs) have developed standardized Condo Project Questionnaire forms (1076/1077). Although optional, we recommend these forms. They offer lenders a clear and consistent approach to collecting condo project information from HOAs.

form 1076 condo project questionnaire

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Does Fannie Mae require a condo questionnaire?

The inium 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.

What is the difference between 1004 and 1025 appraisal forms?

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for inium units. On the other hand, Form 1025 is for small multi-family investment properties.

Does a 1025 include a rent schedule?

For Investment/Income properties, the Form 1025 will be accompanied by Form 216 (Operating Income Statement). The Form 1007 (Comparable Rent Schedule) is not needed as an add on form as the 1025 includes a section for the Comparable Rent Schedule as part of the standard form.

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What is Fannie Mae form 1073?

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Does Fannie Mae require a condo questionnaire?

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