Single Unit Approval
Single Unit Approval now allows FHA lending in condominium associations that are not HUD approved, subject to some restrictions. Under this program, all of the associations’ current legal, governing, recorded, financial, and insurance documents must be reviewed for compliance under this landmark FHA lending program. This is best done as early in the loan process as possible to prevent wasting money doing unnecessary inspections or appraisals, when the association is not eligible under this program. Let the FHAPROS review your condo and tell you yes or no.
MLS Data Services
FHAPROS provides comprehensive real time data for FHA and VA condominium approval status. Our data is the most accurate and up to date condominium data in the world. We offer web services to meet any MLS platform’s individual structure and demands.
FHAPROS offers many lender solutions to fund more FHA loans that are in approved or unapproved associations. From condominium underwriting for HRAP or DELRAP approvals, to Single Unit reviews and CondoFax® reporting, FHAPROS is the solution. FHAPROS also has extensive condominium data and document archives with emphasis on reverse mortgage data for seniors living in both approved and eligible units under Single Unit Approval. FHAPROS can also provide a concentration report and investor ownership report for Single Unit Approval compliance.