The Who, What and Why of Mortgage Questionnaires
Buying a home requires a lot of paperwork. Buying a home in a managed community adds a couple of additional forms to the mix. A mortgage questionnaire is required by most lenders when you want to buy a home that’s part of a community association.
The information on it can affect your ability to get a loan for a home in a managed community, whether that’s an HOA or a condominium. What goes into a mortgage questionnaire? How do you get it? Why is it important?