Delivery Requirements

When closing and funding a loan for a unit located in a project, the underwriter must provide the Project Type Code on the 1008.

E	Established PUD project
F	New PUD project
P	Limited Review—New condo project
Q	Limited Review—Established condo project
R	Full Review—New condo project
S	Full Review—Established condo project
T	Fannie Mae-approved condo or PUD project, including those approved through PERS
U	FHA-approved condo project
V	Condo project review waived - for certain project and transaction types