HOA Financeability Report
SampleWhere you stand
ReadyNothing to act on
- InsuranceIn force
- Budget & reservesFunded
- LitigationNone found
- DelinquenciesWithin limits
Condo Check for HOAs
Can a buyer get a mortgage in your building?
Most boards find out when a sale falls apart in underwriting. Condo Check reads your budget, insurance, and governing documents the way a lender’s condo desk will, then tells you what would hold up a loan and how to fix it.
The Complete Check is $110 and includes 2 follow-up runs to confirm your fixes.
This is an independent document review, not a lender approval or an insurance decision.
Reviewed against published Fannie Mae, Freddie Mac, and FHA/HUD eligibility guidelines Independent of every agency we screen against
Why boards check twice a year
One insurance renewal can knock your building out of eligibility.
Agencies update their rules. The master policy renews. The budget changes every year. Any of those can quietly put your units out of reach for financing, and nobody calls the board about it. Here’s how a typical year can go:
January: the board runs its first check. Everything clears.
One purchase covers the first run plus 2 updates. Old reports stay on the association’s timeline, so you can see how things have tracked over time.
Illustrative example, using the report’s actual vocabulary.
The report
What you get back.
The HOA Financeability Report is written for people who don’t work in lending.
- A verdict for each financing type
- Fannie Mae, Freddie Mac, and FHA each come back Ready, Action Needed, or Blocked, with a sentence explaining why.
- Instructions, not just findings
- Every problem comes with what to do about it, roughly how much effort it takes, and whether it needs a board vote or just a phone call to your agent.
- Sources you can check
- Each item shows which of your documents it came from, so nothing has to be taken on faith.
- Made for the board packet
- The report is a clean page with a print button. Staple it into the next meeting packet as-is.
Action plan — Must Be Resolved
What’s holding you back
The master policy on file shows wind coverage below the required replacement-cost level.
What to do
Ask your insurance agent to restore replacement-cost wind coverage and send the updated declarations page.
Coverage
What gets checked.
Fannie Mae
Conventional project financeability screen against Fannie Mae standards.
Freddie Mac
Conventional project financeability screen against Freddie Mac standards.
FHA Single Unit Approval
FHA Single Unit Approval screen for associations that want FHA eligibility visibility.
- Insurance
- Reserves
- Litigation
- Delinquencies
- Ownership
- Governing Docs
- Repairs
- Environmental
- Project Structure
- Operations
Everything is reviewed against the agencies’ published eligibility guidelines. Condo Check is independent and isn’t affiliated with Fannie Mae, Freddie Mac, or HUD.
What you’ll need
Three documents. Your manager has all of them.
Budget and financials
The current budget, a financial statement, or a balance sheet.
Insurance
The master policy or the declarations pages from your agent.
Governing documents
The declaration, bylaws, or rules.
A reserve study, recent minutes, or litigation paperwork will sharpen the results, but they’re optional.
How it works
Five steps.
Questionnaire
Answer the project questions online. Most take a minute each.
Documents
Attach the three required documents, plus anything extra you have.
Payment
Pay for the scope you picked. Payment stays locked until the questionnaire and documents are in.
Review
The checks run on their own from what you submitted.
Report
Open the report, print it for the packet, and re-run it as documents change.
The account comes first. The workspace keeps documents, payment, and reports attached to the association.
Pricing
One-time purchases.
Each includes the first run plus 2 updates. No subscription, no quote call.
Conventional ReviewFannie Mae + Freddie MacScreens the project against both conventional financing paths together.$99FHA ReviewFHA SUAChecks FHA Single Unit Approval readiness for associations that want FHA visibility.$29Complete CheckRecommendedConventional + FHARuns conventional and FHA readiness in one HOA-facing summary.$128 if purchased separately,$110Save $18
Re-running unchanged documents is free and doesn’t use an update.
Who uses this
Boards and the managers who serve them.
On the board?
You don’t need a lending background. The report reads in plain English, the price fits a single approval motion, and it prints cleanly for your next meeting packet.
Manage several associations?
Run checks on all of them from one login and switch between associations in the same workspace. When a board asks whether their units can be financed, you already know.
Before you pay
Look us over first.
You should be skeptical of a website asking for association money. Email us and we’ll walk you through the methodology and a sample report before you pay anything.
What this is, and what it isn’t
- An independent review of your documents against the agencies’ published guidelines.
- Not a lender approval, agency approval, or insurance decision.
- Not legal, engineering, or insurance advice.
- Automated analysis assists the review. Every finding shows the document it came from, and your board should confirm big decisions with the right professionals.
Common questions
Is this a lender approval?
No. It summarizes where your documents stand as of the review date. Lenders, agencies, and insurers make their own decisions.
What happens if the report says Blocked?
Each blocking item tells you what to do, how much effort it takes, and a realistic timeline. Fix it, then use one of your included update runs to confirm.
Do we need an account first?
Yes. The workspace keeps your documents, payment, and reports attached to the association. Payment stays locked until the questionnaire and required documents are in.
Is this for the board or the property manager?
Both use it. Boards want the answer before a sale stalls in underwriting. Managers run it across their portfolio so they have the answer before the board asks.
Run the first check.
Set up the workspace, upload three documents, and see where your building stands.