Why Does Your Condo Association Need FHA Approval?
- 40% of all new loans are FHA Insured
- Reverse Mortgages Now Require Associations to be FHA Approved
- Fannie Mae & Freddie Mac will accept FHA Approval for Condo loans
- Recently Approved Mortgage deal provides FHA with an additional $1 billion in Cash for FHA insurance.
- FHA Approved Condos for sale attract a larger buyer pool
- Lower down payment and FICO score requirements for potential buyers of an FHA Approved Condo
- FHA loans are assumable, meaning they can be transferred from one buyer to another
- FHA Approval now indicates a Financially Healthy Association to all mortgage lenders
Latest News:
- Federal rules no boost to condominium industry
- FHA still in condo game
- Home buyers get creative to close deal
- FHA Issues Waiver on Leasing Restrictions
- First Coast condo sellers finding it hard to move on
- How to Jump Through Condo-Lending Hoops
- Condo Boards Denying Requests for FHA Approval?
- FHA Powers What’s Left of the Home Market
- Board president can’t block condo owner from applying for financing
- Info Scarce on FHA Underwater Refi
- Wells Fargo Lowers Credit Requirement for FHA Loans
- FHA Extends ‘Anti-Flipping Waiver’ Through December
- Boulder condo lending becoming a challenge
- How to find out if your building is on FHA’s approved list
- New rules make condo buying trickier
- Condo financing rules tightening
- Condo troubles looming?
- Condo troubles looming?
- Sellers should ensure that condo projects are on approved list for FHA mortgages
- Selling a condo? Better hope it’s on the ‘approved’ list
- New FHA measures may cost home buyers
As of May 17 12:11pm, 2012, a total of 37,717 Condos are FHA Approved Nationwide. Is Your Condo FHA Approved ? Click Here to Find Out
