Condo file reference
Real questions. Direct answers.
These pages answer the specific questions loan officers, processors, and brokers ask when they have a live condo file and need to move it forward. Each one is written for someone with a real file open, not for general education.
Qualification & Review Path
- →Can this condo qualify for limited review?
- →Does this condo need full review?
- →Can we skip full review on a 2–4 unit condo?
- →Can a detached unit skip project review entirely?
- →Will this attached condo qualify for limited review?
- →Is this newly converted condo too recent for limited review?
- →Is there any path out of full review for this file?
- →Can this condo stay on a simpler path?
- →When does project status kill the simpler path?
- →Which condo review path is this file actually in?
Edge Cases & Blockers
- →What happens if a condo has active litigation?
- →What if a condo allows short-term rentals?
- →What if HOA reserves are dangerously low?
- →What happens if the HOA has a delinquency problem?
- →Does a master association automatically kill the simple path?
- →What if the project status is unknown or unclear?
- →What if the condo requires major repairs or has evacuation orders?
- →What if the HOA questionnaire is missing or incomplete?
- →If occupancy type is unclear, will this block the file?
- →Is this condo too new or newly converted to process easily?
- →If the HOA docs are outdated, will this hold up the file?
- →Will unclear or transient rental restrictions block limited review?
Documents & Requirements
- →Which condo documents can't we skip?
- →What is most likely to hold this condo file up next?
- →What exactly does the lender need from the HOA budget?
- →Will this insurance certificate pass lender review?
- →Which condo documents are actually holding up this file?
- →What HOA financials will the lender ask for next?
- →Do we need a reserve study or can we move without one?
- →Can we close without complete HOA bylaws and declarations?
- →What's the minimum condo document package to move forward?
- →What if you can't get the HOA questionnaire from the HOA?
Why Is This Happening?
- →Why is this condo loan taking so long?
- →Why did this file suddenly get pushed into full review?
- →Why does the lender keep asking for more condo documents?
- →Why did this file get pushed out of limited review?
- →What's holding this file up in underwriting — is it the HOA docs?
- →Why did this simple condo file suddenly need lender review?
- →Why is this condo file delayed when it should be simple?
What Should I Do Next?
- →What should I request from the HOA right now?
- →How do I move a stuck condo file forward?
- →Can I move this file forward if the review path is still unclear?
- →Should I request a full HOA document package upfront?
- →How do I get an uncooperative HOA to actually send documents?
- →What's the fastest way to get condo documents from the HOA?
- →When should I escalate this condo file to the lender?
- →What's the fastest way to confirm the project status?
- →Is this file ready to move to underwriting or are we missing something?
- →Should I request a reserve study if the HOA won't provide one?
- →What do I do if the HOA is silent or won't respond?