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Fannie Mae Form 1076 Fillable
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People also ask form 1076 condo
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How long is a condo questionnaire good for?
The streamlined PERS submission process for established projects requires the Condominium Project Questionnaire (Form 1076), or a substantially similar form, to be completed within the past 180 days. For complete topic details, see B4-2.2-06, Project Eligibility Review Service (PERS). -
Who completes the condo questionnaire?
A representative of the condo association must fill it out, which can add another stressful factor to the closing and mortgage approval process. If the HOA or management company does not fill the form out in a timely manner, the financing for the purchase may be at risk and cause the sale to fall apart. -
What is Form 1076?
The Condominium Project Questionnaire (Form 1076) helps lenders collect data to determine condo project eligibility. -
What is a condominium questionnaire?
A condo questionnaire is a document lenders require to fund a property designated as a townhouse or condominium that's part of a homeowner's association. The document offers evidence that condominium projects such as Eighty Seven Park Miami comply with the lender's underwriting prerequisites. -
How long are condo questionnaires good for?
The streamlined PERS submission process for established projects requires the Condominium Project Questionnaire (Form 1076), or a substantially similar form, to be completed within the past 180 days. For complete topic details, see B4-2.2-06, Project Eligibility Review Service (PERS). -
How long are condo questionnaires good for?
The streamlined PERS submission process for established projects requires the Condominium Project Questionnaire (Form 1076), or a substantially similar form, to be completed within the past 180 days. For complete topic details, see B4-2.2-06, Project Eligibility Review Service (PERS). -
Is condo questionnaire needed for underwriting?
The Condominium Project Questionnaire (Form 1076) helps lenders collect data to determine condo project eligibility. This form is optional; however, lenders are encouraged to use and retain the form in the loan file. -
Who typically pays for the condo questionnaire?
The fee for a condo questionaire is generally about $250-300. The prospective borrower typically pays the fee. -
Is condo questionnaire needed for underwriting?
The Condominium Project Questionnaire (Form 1076) helps lenders collect data to determine condo project eligibility. This form is optional; however, lenders are encouraged to use and retain the form in the loan file. -
Who typically pays for the condo questionnaire?
The fee for a condo questionaire is generally about $250-300. The prospective borrower typically pays the fee. -
What is a condo questionnaire template?
A condo questionnaire is a form sent to a condo development by a lender when a potential borrower applies for a mortgage. The questionnaire allows the lender to determine if the condo meets its requirements for a loan. If the requirements are met, the lender can in turn consider providing a loan to the condo buyer.
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