FHAPROS provides the report that is necessary on every Single Unit Approved condominium mortgage. The new condominium rule caps the number of units in an association that may be Single Unit Approved loans at twenty percent. After this threshold, the association must obtain HUD approval and a Single Unit Approved mortgage is no longer possible.
Our concentration report is quick and easy. Just enter the association name and property address, and our system will automatically calculate the percentages and email you a report that clearly defines the association, its unit count, and the number and addresses of the FHA mortgages that exist within that HOA. Our data is the most up-to-date data in the world, so you can be certain that our report is accurate, even as more FHA loans fund and get paid off. Below you will find an example of our industry standard report. Click here if you would like to set up an account or if you have additional questions.