Lender QuestionnaireA reference for condominium and community association questionnaires

Lender questionnaire for Oaks of Lakewood Homeowners Association, Inc. A/k/a Oaks of Lakewood Condominium, a Texas Non-Profit Corporation (the "association")

Dallas, Texas

Location
Dallas, Texas
Contact of record
No management company on the register

Who completes it

The register carries a named individual as the contact for Oaks of Lakewood Homeowners Association, Inc. A/k/a Oaks of Lakewood Condominium, a Texas Non-Profit Corporation (the "association") rather than a company, and that name is not republished here. Where the contact of record is an individual, the questionnaire is usually answered by the board or by whoever keeps the books.

Which form the lender sends

For a condominium the lender sends Fannie Mae Form 1076, which Freddie Mac issues as Form 476, the Condominium Project Questionnaire. It travels with the addendum, Form 1076A or 476A, covering building safety and deferred maintenance. Many lenders send their own version instead, asking the same underwriting questions in a different order.

Two things that were true until recently and are not now. The short form questionnaires, Fannie Mae Form 1077 and Freddie Mac Form 477, are retired. So is Limited Review: for applications dated on or after 3 August 2026, Full Review is the regime, which means the full questionnaire is answered even on the loans that used to escape it.

The answers that hold a file up are usually the same few: the split between owner occupied and rented units, how much of the budget goes to reserves, whether a single owner holds more than the permitted share of the units, litigation, and any deferred maintenance or special assessment.

What this association charges

Texas requires an association to state its transfer fee schedule on the face of its management certificate, which is a recorded public document. These are the lines recorded for Oaks of Lakewood Homeowners Association, Inc. A/k/a Oaks of Lakewood Condominium, a Texas Non-Profit Corporation (the "association").

What Texas sets by statute

A lender questionnaire is not the statutory resale package, and the two are routinely confused. The questionnaire is the lender's own form and is generally neither capped nor timed by statute. The resale package that goes to the buyer is both, and in Texas it runs as follows.

Who prepares it
an association may charge a reasonable and necessary fee, not to exceed $375, to furnish a resale certificate (Tex. Prop. Code § 82.157(f); § 207.003(c))
Current charge
$375 for a condominium, effective September 1, 2025; $375 for a subdivision association
Update or rush
$75 update for a subdivision association; no update fee stated for condominiums
Deadline
10th day for condominiums, 10th business day for subdivision associations; the subdivision remedy is a court order and up to $5,000
Who pays
Not allocated; delivered to the owner or the owner's agent on request

Read at source on August 14, 2026. § 82.157 · § 207.003 · SB 711 (2025). How the three documents differ is set out here.

Where this came from

Texas Real Estate Commission. management certificates recorded under Property Code 82.116 and 209.004. Published August 15, 2026, read August 14, 2026. An association must file an amended certificate when its information changes. Source. The association name, locality and contact of record are reproduced as filed. Individuals' names, email addresses and telephone numbers in the same file are deliberately not republished.

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