Get Fha Homeowners’ Association Questionnaire 2010-2025

Filling out the FHA Homeowners’ Association Questionnaire is an essential step for assessing the eligibility of a homeowners' association in relation to Federal Housing Administration guidelines. This guide aims to provide step-by-step instructions for effortless completion of the form online.

Follow the steps to complete the FHA Homeowners’ Association Questionnaire online easily.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin filling out the form by entering the project name, loan number, master project name (if applicable), and property address.
3. Input the year the project was built and the HOA TIN #, which is required for processing.
4. Next, address the project eligibility requirements by providing the total number of legal phases in the project and specify the subject property’s legal phase.
5. Record the total number of units in the project and the number of units in the subject legal phase.
6. Indicate the number of units sold and conveyed in the project, along with a breakdown of these sales as primary residences, second homes, investment homes, or retained by developer.
7. Specify the number of units under contract, ensuring to provide a breakdown similar to step-6.
8. Answer whether all units, common elements, and amenities in the subject project and legal phase are complete.
9. If any items are incomplete, provide details on the number of units finished and the amenities still pending.
10. State if any single investor owns more than 10% of the total project.
11. Confirm if the legal documents protect the rights of the first mortgagee and whether the homeowners' association has been handed over to unit owners.
12. If the association has been turned over, provide the date of transfer.
13. Indicate if any part of the project is used for commercial purposes, noting the percentage if applicable.
14. Answer if there are any monthly assessments delinquent for more than 30 days, within the limit of 15%.
15. List the number of delinquent units and the total dollar amount outstanding.
16. Confirm if any pending litigation involves the homeowners' association and detail any special assessments.
17. Check if the project is subject to deed restrictions, providing documentation if necessary.
18. Address insurance requirements by confirming if hazard insurance is in place, including liability, flood insurance, and fidelity insurance.
19. Complete the insurance information section with the name and address of your insurance company, agent name, and contact number.
20. Finally, certify the form by including the signature of the association representative or preparer, along with their name, title, company name, address, date of completion, and telephone number.

Complete your FHA Homeowners’ Association Questionnaire online today for streamlined processing.