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  • Condominium Streamline Review Questionnaire

Get Condominium Streamline Review Questionnaire

CONDOMINIUM STREAMLINE REVIEW QUESTIONNAIRE Use this form ONLY when the subject Condo Project meets the eligibility guidelines for a Streamline Review To be completed by a Representative of the Project?s.

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How to fill out the CONDOMINIUM STREAMLINE REVIEW QUESTIONNAIRE online

Completing the Condominium Streamline Review Questionnaire online can be a straightforward process when approached step-by-step. This guide is designed to assist users in filling out the form accurately and efficiently.

Follow the steps to successfully complete the form.

  1. Press the ‘Get Form’ button to access the questionnaire and open it in your preferred editor.
  2. Next, input the borrower's name as well as the project name and address, including the unit number, city, state, and zip code.
  3. Fill in the loan number in the provided space.
  4. Respond to the questions about the units: total number of units, total sold units, and those sold to non-owner occupants.
  5. Indicate whether the project is subject to additional phasing or annexation, and confirm if all phases are 100% complete.
  6. State if the unit owners have control of the Home Owners Association and the number of units delinquent in HOA dues.
  7. Answer whether the subject unit or any others allow for short-term rentals and provide additional details if needed.
  8. Address questions regarding time shares, leased land, common area rights, and any ongoing litigation involving the association.
  9. Specify any special assessments the unit owners face, including the approximate amount if applicable.
  10. Provide the current amount on deposit in the reserve account.
  11. Complete the insurance information section by entering the name and phone number of the insurance carrier or agent, along with the policy numbers for hazard, liability, fidelity, and flood.
  12. Certify the information by having an authorized HOA representative sign and date the form.
  13. After filling out all the required sections, save your changes, download the form, print it, or share it as necessary.

Complete the Condominium Streamline Review Questionnaire online today.

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A condominium conversion survey is a survey that establishes individual condominium units and is used when converting an apartment building with leased apartments into condominiums with private unit ownership. The survey typically will indicate unit identification, commonly shared spaces and parking lot location.

The five-page Fannie Mae condo questionnaire assesses the risk of a given condominium property. If too many risks emerge, it can be difficult to get a loan.

Streamlined Review for Established Condominium Projects The unit must be in an established condominium project. The mortgage must meet the required LTV/TLTV/HTLTV ratios for the occupancy type. There must not be any manufactured homes in the condominium project.

Established condominium project: Project and related facilities owned by any Master Association are complete and not subject to additional phasing, the unit owners control the homeowners association, and, either at least 75% of the total units in the project have been conveyed to others, or, if the project is a 2- to 4 ...

A mortgage questionnaire is required by most lenders when you want to buy a home that's part of a community association. The information on it can affect your ability to get a loan for a home in a managed community, whether that's an HOA or a condominium.

The homeowners' association, or HOA, must fill out a condo questionnaire that your lender requires in order to process your loan. ... A condo questionnaire provides evidence that the condominium development, not just your unit, is in compliance with lender's underwriting requirements.

So, the condo 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.

That said, the loan officer will share the pertinent details with their client, the would-be buyer. In most cases, they'll also pass the cost of the condo questionnaire to the buyer. This can vary between $100 and $300, although there are rare cases of HOAs asking $500 or more.

It involves the condo homeowners association financial review. Appraisal of the subject condo complex and condo unit is required in order to make a determination if the condo complex and unit meets the eligibility requirements for financing. There are two types of reviews that need to be done.

If you want to buy a unit in the project, the HOA management company fills out the condo project questionnaire required by the lender, for a fee. The fee varies depending on the size of the project and other factors but usually ranges between $50 and $100.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232