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How to Find and Buy FHA-Approved Condos

Buying an FHA-approved condo is easier today thanks to recent changes made by the Federal Housing Administration (FHA). Borrowers can take advantage of flexible FHA qualifying guidelines to purchase a ... read more

How Do FHA Loans for Condos Work?

FHA loans can help turn the dream of owning a condominium unit into a reality by offering a clear application process and useful online approval resources. Research the approval process for an FHA ... read more

FHA Updates Condo Approval Rule

The Federal Housing Administration (FHA) has published a new rule that updates its condominium approval process. The FHA's new rule introduces a single-unit approval process designed to make it easier ... read more

FHA loosens condo eligibility requirements for reverse mortgages

The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it will now allow individual unit approval and is taking other steps ... read more

FHA Commissioner Clarifies Changes to Condo Approval Process & Net Worth Requirements

Federal Housing Administration Commissioner David H. Stevens has clarified and updated some of the changes made recently by FHA regarding condominium approvals, new net worth requirements for ... read more

Midtown’s first FHA-eligible luxury condo hits market

The Perrie, a new residential building in Turtle Bay, is the first luxury condominium complex in Midtown to meet the requirements for FHA financing — an unconventional move for Manhattan condos. FHA ... read more

FHA to make financing easier for condo owners

The Federal Housing Administration has finally issued a long-awaited update to its condominium rules, announcing Wednesday that it will now allow individual unit approval and is taking other steps to ... read more

Can’t find an affordable FHA-approved home? You have options

Americans took out nearly $150 billion in loans backed by the Federal Housing Administration to buy homes in 2018. Nearly 83% of those FHA borrowers were first-time home buyers, according to the ... read more

Is your condo building approved for FHA loans? Why you should care

Recently, the Federal Housing Administration quietly made a change in federal mortgage policy for condominiums that has already affected the ability of Frederick condo owners to sell their units -- ... read more