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Get Fannie Mae Condo Form
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How to fill out the Fannie Mae Condo Form online
The Fannie Mae Condo Form is essential for providing information regarding a condominium project to lenders. This guide aims to help users navigate the form easily and accurately online, ensuring all necessary information is submitted to facilitate mortgage financing.
Follow the steps to fill out the Fannie Mae Condo Form online
- Click the ‘Get Form’ button to download the Fannie Mae Condo Form and open it in your preferred online editor.
- Begin by entering the lender's information in the designated fields, including the lender's name, phone number, contact name, fax number, address, and email address.
- Proceed to section I: Basic Project Information. Fill out all fields including the project legal name, physical address, HOA management address, HOA name, tax ID numbers, and any additional details regarding optional sections.
- Navigate to section II: Project Completion Information. Answer whether the project is 100% complete and provide details if not, including information on any phases and estimated completion dates.
- In section III: Newly Converted or Rehabilitated Project Information, indicate whether the project has undergone conversion in the past three years, supplying the required data regarding construction year and structural soundness.
- Move to section IV: Financial Information. Complete the questions regarding unit owner delinquency, litigation involving the HOA, and foreclosure assessments.
- Fill out section V: Ownership & Other Information to detail ownership structures, including unit ownership percentages and the presence of commercial units in the project.
- In section VI: Insurance Information & Financial Controls, indicate whether units are in a flood zone, and provide specific insurance coverage details along with financial control measures.
- Finally, complete section VII: Contact Information by entering the preparer's name, title, company name, contact information, and date completed. Review all entries for accuracy.
Fill out your Fannie Mae Condo Form online today to streamline your application process.
Form 465 is designed to report the results of an appraisal of a 1-unit property in a Condominium Project, whether attached or detached. An interior and exterior inspection of the subject property is required. For an appraisal of a 1-unit property in a Condominium Project using only an exterior inspection, see Form 466.
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