FHA Condo APPROVal DOCUMENTS LIST

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FHA CONDO APPROVAL DOCUMENTS LIST

Legal Documents

Recorded CC&Rs – Declarations, or Master Deed

Signed and adopted Bylaws – if not signed, Current Board member need to sign and date

Articles of Incorporation filed with the state

Financials

Recent Balance sheet & Income Statement

(within 60 days)

 

Current Budget

Prior Year End Results

(Income Statement or Finalized Audit)

Insurance

Insurance Policy Declaration Page – Liability and Hazard 

 

Fidelity Bond Declaration Page – usually found on main insurance policy – This may also be known as crime or employee dishonesty policy

Other documents Needed

Signed Management Company Agreement

(we don’t need this if you are self-managed)

 

A list of the rented units in the community

(and/or units that have offsite mailing addresses)

It’s imperative to maintain awareness that the FHA Condo Approval requirements are dynamic, potentially changing alongside the documentation prerequisites. Keeping abreast of the most recent FHA Condo Approval guidelines is a fundamental aspect of our commitment. The FHA has outlined specific criteria and standards that condominiums must meet to qualify for FHA financing. Stringent adherence to these criteria is paramount for the successful attainment of FHA Condo approval. Periodically, the FHA updates its approval policy, and we are unwavering in our dedication to staying well-informed about the latest best practices. Condo Approval Advisors proactive approach ensures that we are continuously aligned with the evolving standards, facilitating a seamless and efficient approval process for our clients.

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