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Condo & PUD Matrix Reference Sheet Classification & Type ...

Page 1 of 6. Condo & PUD Matrix Reference Sheet Classification & Type DEFINITION PRE-SALE/OCCUPANCY DOCUMENTATION & REQUIREMENTS. (Must be Complete on 1008). Established Appraisal PUD: Attached: Unit is 100% Control of HOA: Homeowners Association turned over to unit owners ESTABLISHED E complete None 1 million Master Insurance Policy for the Project (applies to attached Detached: No review only). required New or proposed Appraisal PUD: Attached: Unit is 100% Control of HOA: No requirements NEW F complete 50% Presale (as confirmed by 1 million Master Insurance Policy for the Project (applies to attached Detached: No Review appraiser on page 3 of appraisal). only). required LIMITED REVIEWS: Established Appraisal ATTACHED Unit & Common are 100% IApprove Lending Limited Review Condo Questionnaire ESTABLISHED complete If subject is non-owner, 51% of Master Insurance Policy for the Project Condo PROJECTS No Additional phasing or project must be primary or 2nd home Control of HOA: Homeowners Association turned over to unit owners Q annexatio

Current Budget Conversions in the last 3 years require Engineer‟s Report Control of HOA: Homeowners Association turned over to units owners IApprove Lending Condo & PUD Matrix . Page 2 of 6 2/21/2013 FHA REVIEWS (ONLY FOR USE WITH FHA LOANS): FHA APPROVED PROJECTS Refer to FHA condo information below

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Condo & PUD Matrix Reference Sheet …

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Page 1 of 6 2/21/2013 Condo & PUD Matrix Reference Sheet Classification & Type (Must be Complete on 1008) DEFINITION PRE-SALE/OCCUPANCY DOCUMENTATION & REQUIREMENTS

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