Form 1200 Homestyle Change Order Request

What Is Form 1200?

This is a legal form that was released by the Federal National Mortgage Association (Fannie Mae) on November 1, 2001 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 1200?A: Form 1200 is a Homestyle Change Order Request.

Q: What is a Homestyle Change Order Request?A: A Homestyle Change Order Request is a form used to request changes to a construction project under the Homestyle loan program.

Q: Who uses Form 1200?A: Form 1200 is used by borrowers who have a Homestyle loan for a construction project.

Q: What can be requested through Form 1200?A: Form 1200 can be used to request changes to the scope of work, cost, or schedule of the construction project.

Q: Is there a fee for submitting Form 1200?A: There is no fee for submitting Form 1200.

Q: What happens after submitting Form 1200?A: The lender will review the request and determine if it is eligible for consideration. If approved, the lender will provide further instructions on how to proceed with the requested changes.

Q: Can I submit multiple Form 1200 requests?A: Yes, multiple Form 1200 requests can be submitted if there are additional changes to be made.

Q: Is there a deadline for submitting Form 1200?A: There is no specific deadline for submitting Form 1200, but it is recommended to submit the request as soon as possible.

Q: Can Form 1200 be used for non-Homestyle loans?A: No, Form 1200 is specifically designed for construction projects under the Homestyle loan program.