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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


for over 20 Years

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