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  • Condominium Streamline Review Questionnaire

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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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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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Keywords relevant to CONDOMINIUM STREAMLINE REVIEW QUESTIONNAIRE

  • certifying
  • Annexation
  • phasing
  • assessments
  • ELIGIBILITY
  • condominium
  • Certification
  • occupants
  • streamline
  • phases
  • rentals
  • Questionnaire
  • leased
  • approximate
  • delinquent
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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
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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 workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
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