Form 1076

Condominium Project Questionnaire

ADDENDUM ADDED DECEMBER 2021

Instructions
Lender: Complete the first table below and enter the date on which the form should be returned to you.

Homeowners’ Association (HOA) or Management Company: This form has been sent to you on behalf of an individual seeking
mortgage financing to purchase or refinance a unit in this project. The mortgage lender needs this information to determine the
eligibility of the project for mortgage financing purposes. Complete and return this form by to the lender listed
D A TE
below. Questions about this form should be directed to the lender contact.

Lender Name: Lender Phone Number:

Contact Name: Lender Fax Number:

Lender Address: Lender Email Address:

I. Basic Project Information

1 Project Legal Name:

2 Project Physical Address:

3 HOA Management Address:

4 HOA Name (if different from Project Legal Name):

5 HOA Tax ID #:

6 HOA Management Company Tax ID #:

7 Name of Master or Umbrella Association (if applicable):

8 Does the project contain any of the following? Check all that apply:

a ❒ Hotel/motel/resort activities, mandatory or voluntary rental-pooling arrangements,

or other restrictions on the unit owner’s ability to occupy the unit

b ❒ Deed or resale restrictions

c ❒ Manufactured homes

d ❒ Mandatory fee-based memberships for use of project amenities or services

e ❒ Non-incidental income from business operations

f ❒ Supportive or continuing care for seniors or for residents with disabilities

Provide additional detail here, if applicable (optional):

Fannie Mae Form 1076/Freddie Mac Form 476 Page 1 March 2016 (addendum added December 2021)
 II. Project Completion Information

1 Is the project 100% complete, including all construction or renovation of units, common
❒ YES ❒ NO
elements, and shared amenities for all project phases?

If No, complete lines a-f:

a Is the project subject to additional phasing or annexation? ❒ YES ❒ NO

b Is the project legally phased? ❒ YES ❒ NO

c How many phases have been completed?

d How many total phases are legally planned for the project?

e How many total units are planned for the project?

f Are all planned amenities and common facilities fully complete? ❒ YES ❒ NO

2 Has the developer transferred control of the HOA to the unit owners? ❒ YES Date transferred:

❒ NO Estimated date the

transfer will occur:

III. Newly Converted or Rehabilitated Project Information

1 Is the project a conversion within the past 3 years of an existing structure that was used
as an apartment, hotel/resort, retail or professional business, industrial or for other ❒ YES ❒ NO
non-residential use?

If Yes, complete lines a-g:

a In what year was the property built?

b In what year was the property converted?

c Was the conversion a full gut rehabilitation of the existing structure(s), including
❒ YES ❒ NO
replacement of all major mechanical components?

d Does the report from the licensed engineer indicate that the project is structurally
sound, and that the condition and remaining useful life of the project’s major ❒ YES ❒ NO
components are sufficient?

e Are all repairs affecting safety, soundness, and structural integrity complete? ❒ YES ❒ NO

f Are replacement reserves allocated for all capital improvements? ❒ YES ❒ NO

g Are the project’s reserves sufficient to fund the improvements? ❒ YES ❒ NO

Fannie Mae Form 1076/Freddie Mac Form 476 Page 2 March 2016 (addendum added December 2021)
 IV. Financial Information

1 How many unit owners are 60 or more days delinquent on common expense assessments?

In the event a lender acquires a unit due to foreclosure or a deed-in-lieu of foreclosure,

2 ❒ YES ❒ NO
is the mortgagee responsible for paying delinquent common expense assessments?

❒ 1 to 6 months
If Yes, for how long is the mortgagee responsible for paying common expense assessments?
❒ 7 to 12 months
(Select one)
❒ More than 12 months

3 Is the HOA involved in any active or pending litigation? ❒ YES ❒ NO

If Yes, attach documentation regarding the litigation from the attorney or the HOA.
Provide the attorney’s name and contact information:

Attoney Name:

Attorney Phone Number:

V. Ownership & Other Information

1 Complete the following information concerning ownership of units:

Subject Legal Phase

Entire Project (in which the unit is located)
If Applicable

Total number of units

Total number of units sold and closed

Total number of units under bona-fide sales contracts

Total number of units sold and closed or under contract to

owner-occupants

Total number of units sold and closed or under contract to

second home owners

Total number of units sold and closed or under contract to

investor owners

Total number of units being rented by developer, sponsor, or

converter

Total number of units owned by the HOA

Fannie Mae Form 1076/Freddie Mac Form 476 Page 3 March 2016 (addendum added December 2021)
 2 Complete the following table if more than one unit is owned by the same individual or entity.

Developer or Sponsor Number Leased

Number of Units Percentage Owned of Number Leased
Individual / Entity Name under Rent
(Yes or No) Owned Total Project Units at Market Rent
Control

❒ YES
%
❒ NO

❒ YES
%
❒ NO

❒ YES
%
❒ NO

❒ YES
%
❒ NO

3 Do the unit owners have sole ownership interest in and the right to use the project
❒ YES ❒ NO
amenities and common areas?

If No, explain who has ownership interest in and rights to use the project amenities
and common areas:

4 Are any units or any part of the building used for non-residential or commercial space?
❒ YES ❒ NO
If Yes, complete the following table:

% Square Footage
Type of Commercial or Number of Square
Name of Owner or Tenant of Total Project
Non-Residential Use Units Footage
Square Footage

5 What is the total square footage of commercial space in the building that is separate from the residential HOA?
Include above and below grade space used for commercial purposes, such as public parking facilities, retail space, apartments,
commercial offices, and so on.

Total square footage of commercial space:

Fannie Mae Form 1076/Freddie Mac Form 476 Page 4 March 2016 (addendum added December 2021)
 VI. Insurance Information & Financial Controls

1 Are units or common elements located in a flood zone? ❒ YES ❒ NO

If Yes, flood coverage is in force equaling (Select only one option below):

❒ 100% replacement cost

❒ Maximum coverage per condominium available under the National Flood Insurance Program

❒ Some other amount (Enter amount here): $

2 Check all of the following that apply regarding HOA financial accounts:

❒ HOA maintains separate accounts for operating and reserve funds.

❒ Appropriate access controls are in place for each account.

❒ The bank sends copies of monthly bank statements directly to the HOA.

❒ Two members of the HOA Board of Directors are required to sign any check written on the reserve account.

❒ The Management Company maintains separate records and bank accounts for each HOA that uses its services.

❒ The Management Company does not have the authority to draw checks on, or transfer funds from, the reserve account of the HOA.

3 Supply the information requested below. Do NOT enter “contact agent.”

Type of Insurance Carrier/Agent Name Carrier/Agent Phone Number Policy Number

Hazard

Liability

Fidelity

Flood

VII. Contact Information

Name of Preparer:

Title of Preparer:

Preparer’s Phone:

Preparer’s Email:

Preparer’s Company Name:

Preparer’s Company Address:

Date Completed:

Fannie Mae Form 1076/Freddie Mac Form 476 Page 5 March 2016 (addendum added December 2021)
 Condominium Project Questionnaire Addendum
This Addendum is applicable to both condominium and cooperative projects. It must be completed by an authorized
representative of the HOA/Cooperative Corporation.

Project Information

Project Name:

Project Address:

Building Safety, Soundness, Structural Integrity, and Habitability

When was the last building inspection by a licensed architect,

1
licensed engineer, or any other building inspector?

2 Did the last inspection have any findings related to the safety,
soundness, structural integrity, or habitability of the project’s ❒ YES ❒ NO
building(s)?

2a If Yes, have recommended repairs/replacements been

❒ YES ❒ NO
completed?

If the repairs/replacements have not been completed:

2b What repairs/replacements remain to be completed?

2c When will the repairs/replacements be completed?

Provide a copy of the inspection and HOA or cooperative board meeting minutes to document findings and action plan.

3 Is the HOA/Cooperative Corporation aware of any

deficiencies related to the safety, soundness, structural ❒ YES ❒ NO
integrity, or habitability of the project’s building(s)?

3a If Yes, what are the deficiencies?

3b Of these deficiencies, what repairs/replacements

remain to be completed?

3c Of these deficiencies, when will the repairs/

replacements be completed?

Fannie Mae Form 1076/Freddie Mac Form 476 Page 6 March 2016 (addendum added December 2021)
 Building Safety, Soundness, Structural Integrity, and Habitability

4 Are there any outstanding violations of jurisdictional ❒ YES ❒ NO

requirements (zoning ordinances, codes, etc.) related to the
safety, soundness, structural integrity, or habitability of the
project’s building(s)?

If Yes, provide notice from the applicable jurisdictional entity.

5 Is it anticipated the project will, in the future, have such ❒ YES ❒ NO

violation(s)?

If Yes, provide details of the applicable jurisdiction’s

requirement and the project’s plan to remediate the violation.

6 Does the project have a funding plan for its deferred

❒ YES ❒ NO
maintenance components/items to be repaired or replaced?

7 Does the project have a schedule for the deferred

❒ YES ❒ NO
maintenance components/items to be repaired or replaced?

If Yes, provide the schedule.

8 Has the HOA/Cooperative Corporation had a reserve study

❒ YES ❒ NO
completed on the project within the past 3 years?

9 What is the total of the current reserve account balance(s)? $

10 Are there any current special assessments unit owners/

❒ YES ❒ NO
cooperative shareholders are obligated to pay? If Yes:

10a What is the total amount of the special $

assessment(s)?

10b What are the terms of the special assessment(s)?

10c What is the purpose of the special assessment(s)?

Fannie Mae Form 1076/Freddie Mac Form 476 Page 7 March 2016 (addendum added December 2021)
 Building Safety, Soundness, Structural Integrity, and Habitability

11 Are there any planned special assessments that unit owners/

❒ YES ❒ NO
cooperative shareholders will be obligated to pay? If Yes:

11a What will be the total amount of the special $

assessments?

11b What will be the terms of the special assessments?

11c What will be the purpose of the special assessments?

Has the HOA obtained any loans to finance improvements or

12 ❒ YES ❒ NO
deferred maintenance?

12a Amount borrowed? $

12b Terms of repayment?

Additional Comments:

Contact Information

Name of Preparer:

Title of Preparer:

Preparer’s Phone:

Preparer’s Email:

Preparer’s Company Name:

Preparer’s Company Address:

Date Completed:

Fannie Mae Form 1076/Freddie Mac Form 476 Page 8 March 2016 (addendum added December 2021)