View 3c: Property Page/Project/Condo Details Section

Project/Condo Details

This section is conditionally required if the subject property is a Condominium or Cooperative and you have not used Fannie Mae’s Condo Project Manager. Complete the item if it applies to the specific loan being delivered.

  • Project Legal Structure Type [ID 47]

    Select the form of ownership that defines the quality and quantity of ownership and rights to the individual unit owner. Options include:

    • Condominium

    • Cooperative

  • Project Classification Identifier [ID 42]

    Identifies the type of condominium project review that was completed for the subject property. Options include:

    • Condominium Project Manager Review

    • Exempt From Review

    • FHA Approved

    • Full Review

    • Project Eligibility Review Service

    • Streamlined Review

  • Condominium Project Status Type [ID 38]

    Select the current state of the condominium project. Options include:

    • Established

    • New

  • Project Attachment Type [ID 41]

    Select the type of physical attachment, if any, between the dwelling units in the project. Options include:

    • Attached

    • Detached
  • Project Design Type [ID 43]

    Select the type of design for the multiple-unit buildings in a project. Options include:

    • Garden Project [1 to 3 stories]

    • High Rise Project [4 to 7 stories]

    • Mid Rise Project [8+ stories]

    • Other: If Other is selected, the 'Other Selected On Valuation Documentation' option displays.
    • Townhouse/Rowhouse [one in a row of identical houses or having a common wall; attached to another unit via a common wall (e.g., a brownstone)]

      Note:
      All floors above ground are included in the number of stories. Any half basements used for residential purposes are counted as a floor. If project is classified as low rise, select 'Garden Project'.
  • Project Dwelling Unit Count [ID 45]

    Enter the total number of individual dwelling units in the project.

  • Project Dwelling Unit Count Sold [ID 46]

    Enter the number of units in a building, project, or development that have been sold to date.

  • Project Name [ID 48]

    Enter the name of the condominium or cooperative project in which subject property is located.

  • Amenity Improvements Completed (not used)