Get Condo Questionnaire

The Condo Questionnaire is an essential document used in the assessment of condominium properties for mortgage approval. This guide provides clear, step-by-step instructions to assist users in completing the form online accurately and efficiently.

Follow the steps to fill out the Condo Questionnaire online

1. Click the ‘Get Form’ button to obtain the Condo Questionnaire and open it in your preferred online editor.
2. Begin filling out the form by entering the seller name and borrower information in the designated fields.
3. Provide contact details including the phone number and fax number as required.
4. Enter the project name and property address to identify the condominium in question.
5. Fill in the loan number, date, and current phase of the project.
6. Answer the questions regarding the number of units in the project and the number of owner-occupied units.
7. Indicate if any single entity owns more than 10% of the units.
8. Confirm if the project is 100% complete and that construction has been finished for at least one year.
9. Specify whether control of the Homeowners Association (HOA) has been transferred to unit owners.
10. Indicate whether the subject unit is a manufactured home.
11. Determine if the project falls under specific categories such as a condominium hotel or timeshare.
12. Assess the project’s budget in terms of funding for replacement reserves and deferred maintenance.
13. Disclose if there is any pending litigation related to the project.
14. Certify if liability insurance is in place for the project.
15. Confirm if more than 15% of the condominium units are 30 days or more past due on association fee payments.
16. Enter the amount of fidelity bond insurance carried by the HOA.
17. Check if any units of common improvements are located in a flood zone.
18. If applicable, indicate if flood insurance coverage meets required standards.
19. Complete the HOA certification section by providing the necessary details about the HOA representative and signing the form.
20. Review all details for accuracy, save your changes, and proceed to download, print, or share the completed form as needed.

Complete your Condo Questionnaire online today for a smoother approval process.