Condos and FHA Compliance 02/2011
Homeowner’s Association Certification
Effective Date: February 2011
Project Name and Address
If no, are all common elements and/or recreational facilities associated with the subject phase complete?
If yes, number of additional phases and units to be built: Phases: Units:
If yes, was conversion a full gut-rehabilitiation? Yes No
If yes, what was original
Entire Project Subject Phase
(never occupied for personal use):
If yes, list how many each own:
If yes, explain:
If yes, is it adequate to prevent deferred maintenance? Yes No Current amount in fund
(i.e. Age Restrictions, First Right of Refusal, other deed/income restrictions) Yes No
owned jointly by unit owners? Yes No
If yes, are they responsible for 0-6 months or 7 + months
If yes, number of years in operation:
Please check applicable services:
Check-in rental desk Daily maid service
Restaurant / food service Time share Mandatory rental pool
Commercial (boutiques, etc.) percentage of square footage %
If yes, what percentage of square footage? %
25 Do the project legal documents or local zoning limit the amount of time the owner can live in
Deductible $ Expiration date:
If yes, is flood insurance in force? Yes No
Does this cover at least 100% replacement? Yes No
Or, is this the coverage maximum available per condominium federal flood program? Yes No
Amount carried by management Co.:
The above information was obtained from the following representative of the project’s Homeowners Association.
#1 – 13 must be completed for the Homeowner’s Association re-certification
Reviewer’s Signature Date Phone
Requirements are stringent for FHA loans, mortgage fraud is a felony.
Check these queries for all loans to protect yourself..