is my condo fha approved

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Buying a condo is an affordable way to enter the door to homeownership. FHA has loans for people who are looking to buy condos, however not all condos are approved for FHA financing. Here are some ways to find a condo that is approved under FHA financing, so you can get the benefits of owning a condo under a FHA loan.

Condominium project approval can be issued by FHA staff or by an fha-approved mortgagee. mortgagees meeting defined eligibility requirements are authorized to review condominium documentation, determine project eligibility and certify to compliance with section 203(b) of the NHA and 24 CFR parts 203 of FHA’s regulations.

If your property is a single family home, in relatively good condition, and being sold below the FHA loan cap for your county, you should be fine. In some times (MI for examples) Condos still qualify for FHA financing so long as they are on the FHA Approved Condos List or can be approved by HUD.

List of FHA approved condos in FLORIDA. Condominium Name street address expiry date fha% 1951 MARKET STREET CONDOMINIUM

Q: I am on the board of a high-rise condominium association. My neighbor lost a sale because the buyer did not have the money necessary for a 20 percent down payment. Another neighbor said that if the.

FHA Approved Condos: Here’s What You Need to Know – Condominium associations must apply to have their condominium project (the condo complex) approved fha.If the condo project meets the property requirements and is approved, it will be included on a master list maintained by the Federal Housing Administration (FHA), a division of HUD.

The only interactive map of FHA Approved Condominiums in the US. Get up to date information including condo id, FHA Concentratoin, Descriptions and More.

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“I called the association and they assured me that it was,” Maddaloni stated in her comment to FHA. “Later, I learned that two months prior to completion of my reverse mortgage, the Condo Association.

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