Fannie mae short form condo questionnaire 2025

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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.
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. A substantially similar form may also be used in its place.
The condo questionnaire is typically filled out by the Homeowners Association (HOA) or the property management company that oversees the inium complex. This step is absolutely vital in getting a mortgage for your inium, as it provides a detailed picture of the propertys financial and legal standing.
A questionnaire is a form that either HOAs or association managers are required to fill out upon request from a lender. It provides important information about whether a condo development is warrantable; i.e., eligible for Fannie Mae or Freddie Mac financing.
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.
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The questionnaire asks a series of questions relating to the condo associations financial health, insurance coverage, bylaws and rules, common areas, current and pending litigation, and any other important information that may impact the units value or the buyers ability to secure financing.
The fee for a condo questionaire is generally about $250-300. The prospective borrower typically pays the fee.

fannie mae condo questionnaire