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FHA Questionnaire

CAP Quick Qualification

Allow us to perform a free pre-qualification to determine your condominium’s eligibility for FHA.

General Information

Condominium Project:*
Condominium Project Information

Legal Name of Project:*
FHA Condo Approval ID Number:
Street Address:
City:*
State*
Zip Code:*
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Condominium Association

Condominium Association Name:*
Association Tax ID Number:
Street Address:*
City:*
State*
Zip Code:*
Phone Number:
Association Contact Name:*
Email:*

This is the email we will use for our primary contact on this project.
Fax Number:
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Management Company

Self-managed
Self-managed
Management Company Name:*
Management Company Tax ID Number:
Street Address:*
City:*
State*
Zip Code:*
Phone Number:*
Management Contact Name / Title:*
Email:*
Fax Number: Section
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Project Eligibility:
Does the Condominium Project, Condominium Unit(s) (Unit) or Common Elements have any of the following features?

Cooperative ownership*
- Yes
- No
Condominium hotel or “condotel”*
- Yes
- No
Mandatory rental pooling agreements that require Unit owners to either rent their Units or give a management firm control over the occupancy of the Units*
- Yes
- No
Timeshare or segmented ownership projects*
- Yes
- No
Houseboat project*
- Yes
- No
Continuing care facility*
- Yes
- No
Multi-dwelling condominiums (more than one dwelling per Unit)*
- Yes
- No
Coastal Barrier Resources System (CBRS) location*
- Yes
- No
Adverse determination by FHA for significant issues*
- Yes
- No
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Transfer of Control

Has Control of the Condominium Association been transferred from the developer/builder to the Unit owners?*
- Yes
- No
Date of Transfer*
Month and Year in MM/YYYY format
Do existing contracts entered into by the builder/developer prior to the Transfer of Control contain a 90 Days or less notice requirement for termination?*
- No contracts exist
- Contracts with a 90 Day or less notice requirement exist
- Contracts without a 90 Day or less notice requirement exist
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Legal Phasing

Is the project 100% complete, including all construction or renovation of Units for all Condominium Project Legal Phases?*
- Yes
- No
Have all the Units in the completed Legal Phase(s) been built out and issued at least a Certificate of Occupancy (CO) or its equivalent?*
- Yes
- No
Total planned Legal Phases for the Condominium Project*
Completed Legal Phases as evidenced by built out Units and a CO or its equivalent*
Number of completed Legal Phases with FHA approval*
Number of completed Legal Phases submitted for FHA approval*
Total planned Units for Condominium Project*
Completed Units as evidenced by a CO or its equivalent*
Units in Legal Phase(s) submitted for FHA Condominium Project Approval*
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Occupancy Requirements by Construction Type

Owner-occupied Units includes any Unit:
- i. occupied by the owner for any portion of the calendar year and that is not rented for a majority of the year;
- ii. listed for sale, and not listed for rent, that was previously occupied by the owner as described in (i) above; or
- iii. sold to an owner who intends to occupy the Unit as described in (i) above.
A Unit owned by the builder/developer is not an owner-occupied Unit. A non-owner occupied Unit refers to a unit that does not meet the definitions above
Your project is
- Existing Construction (greater than 12 months old)
- New Complete Project (less than 12 months old); or
- Legal Phase
Total Number of Units in the Condominium Project*
Owner-occupied Units as defined above*
Non-owner occupied Units as defined above*
Total Number of Units in the Condominium Project
- i. Multi-phased Condominium Project: Include the total number of Units in the first declared Legal Phase and cumulatively on subsequent Legal Phases.
- ii. Single-phased Condominium Project: Include all Units.
Total Number of Units in the Condominium Project*
Owner-occupied Units as defined above*
Non-owner occupied Units as defined above*
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Individual Owner Concentration

Does any single owner or Related Party own more than 1 unit?*
- Yes
- No
Individual / Entity Name
Developer/Sponsor?
Developer/Sponsor?
Number of Units Owned
Individual / Entity Name
Developer/Sponsor?
Developer/Sponsor?
Number of Units Owned
Additional Individuals / Entities?
Additional Individuals / Entities?
Additional Individual / Entity Names*
Accepted file types: doc, docx, pdf.
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Financial Stability and Controls

Please upload the association’s budget
Required to complete pre-qualification
Does the Condominium Association have a reserve account for capital expenditures and deferred maintenance?*
- Yes
- No
Is the reserve account funded as required by FHA?*
- Yes
- No
Is there a reserve study? If “Yes,” date performed*
- Yes
- No
Date of Reserve Study*
Date Format: MM slash DD slash YYYY
Does the Condominium’s Association budget show that the budget provides for periodic funding to maintain the reserve account balance as required by FHA?*
- Yes
- No
Does the Condominium Association maintain separate accounts for operating and reserve funds?*
- Yes
- No
If a management company is used, does the Condominium Association’s management company maintain separate records and bank accounts for the Condominium Association?*
- Yes
- No
Does the Condominium Association restrict the management company from drawing checks on, or transferring funds from, the reserve account of the Condominium Association without approval from the Condominium Association?*
- Yes
- No
Has the project experienced a Financial Distress Event within the last 36 months:*
- Yes
- No
sought protection under bankruptcy laws; been placed into receivership (mandated or voluntary); been subject to foreclosure or any seizure of assets by creditors; or offered a Deed in Lieu (DIL) of Foreclosure?
Is there a dated legal document evidencing resolution and a letter of explanation describing the cause of the event and measures taken by the Condominium Association to prevent a future event?*
- Yes
- No
How many Units are 60 Days or more past due on their Condominium Association fee payments? (Excluding late fees or other administrative expenses)*
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Insurance Requirements

The Condominium Project must have Hazard Insurance, Liability Insurance, Fidelity Insurance, and Flood Insurance. See the “Required Documentation” section.
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Commercial/Non-Residential Space

Does the Condominium Project contain any commercial space?*
- Yes
- No
Total Square Footage*
Total Square Footage of Commercial/Non-Residential Space*
Total Square Footage of Residential Space*
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Live/Work

Does the Condominium Project have any Units with non-residential space inside the Unit (Live/Work Units)?*
- Yes
- No
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Litigation

Is the Condominium Project or Condominium Association subject to pending Litigation?*
- Yes
- No
Litigation explanation (500 character max)*
Is the Condominium Project or Condominium Association subject to any other litigation risk?*
- Yes
- No
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Signature

I certify that I have completed Sections 2 and 3 of the questionnaire using information and resources that, to the best of my knowledge and belief, are correct and reliable, and that I have submitted the required documentation. WARNING: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802).
Name (Printed)*
Title:*
Date*
Date Format: MM slash DD slash YYYY
e-Signature Consent*
I consent to use my electronic signature as my legal signature.
Type full name for e-Signature*
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Comments
This field is for validation purposes and should be left unchanged.

FHA Questionnaire

CAP Quick Qualification

Allow us to perform a free pre-qualification to determine your condominium’s eligibility for FHA.

General Information

Condominium Project Information

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Condominium Association

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Management Company

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Project Eligibility:

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Transfer of Control

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Legal Phasing

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Occupancy Requirements by Construction Type

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Individual Owner Concentration

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Financial Stability and Controls

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Insurance Requirements

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Commercial/Non-Residential Space

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Live/Work

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Litigation

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Signature

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