Condo Questionnaire Limited Review Form – Fill Out and Use This PDF

Condo Questionnaire Limited Review Form PDF Details

The Fannie Mae Attached Condominium Limited Review Questionnaire is used by lenders to confirm that a condominium project meets Agency guidelines before approving mortgage financing on attached units.

Key areas covered by this limited review questionnaire:

• Project identification: name, total units, and completion phase
• HOA governance and homeowner association control status
• Unit occupancy, percentage of units sold, and investor concentration
• Commercial space presence and hotel-like or managed rental operations
• Single-entity ownership percentage within the project
• Insurance coverage including hazard, fidelity bond, and flood policies
• Legal standings, active litigation, and HOA financial health
• Manufactured housing, common interest communities, and multi-dwelling structures

A limited review differs from a full project review in scope. It applies to established condominium projects where sales history and HOA finances meet Fannie Mae's streamlined eligibility thresholds. Lenders select this review type for principal residence and second home purchases. The completed questionnaire confirms the project is viable and compliant before the lender extends financing.