© 2018 by KSB Consulting

PO Box 58 Silver Lake WI 53170

Existing Condominium FHA Approval Checklist

*Name of Condominium

 

*Address of Condominium

 

*# of Units in the Condominium

 

*Recorded Survey Map

 

*Recorded Covenants

 

*Signed Bylaws

 

*Articles of Incoporation with Secretary of State Certificate

 

*Budget (FHA requires Total Income X 10%=Reserve Funding)

 

*Current Income Statement and Balance Sheet

 

*Previsious Year End Income Statement and Balance Sheet

 

*Management Agreement

)

*FHA Questionaire

 

*Insurance Certificate or proof of Insurance Coverage (Building/Property, Liability & Fidelity)

(FHA Requires Fidelity Coverage = Reserve Balance Plus 3 Months of Dues & Management listed as additional insured

 

Working with

FHA & VA

for over 20 Years