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What is an FHA-approved condo? - Yahoo Finance

An FHA-approved condo is a condominium that is eligible to be purchased with an FHA loan. “They are usually the most affordable option,” says Will Rodgers, a real estate agent with Keller ... read more

FHA-Approved Condos: A Buyer’s Guide - NerdWallet

It’s possible to get FHA financing for one condo unit that’s not in an approved community. The FHA relaxed its rules in 2019 to make it easier to get a single unit approved. (Still, expect ... read more

FHA Insider: FHA and the new condo approval process ... will lenders take advantage of this change?

In the late 1990s, I did a lot of condo financing. I developed a niche for myself, and a reputation for being able to successfully get builders’ condominium conversions approved for Federal Housing ... read more

Condos’ lapsed FHA approval may slam door on future sales

Condos' lapsed FHA approval may slam door on future sales. Skip to content. All Sections. Subscribe Now °F. Monday, February 3rd 2025 Digital Replica Edition. Home Page. Close Menu. News. read more

FHA Eases Condo Approval Guidelines – NMP

The Federal Housing Administration (FHA) has published Mortgagee Letter 2015-27 under its condominium approval process intended to increase affordable housing options for first-time and low- to ... read more

Purchasing a Condo with a VA Loan - Military.com

A full list of requirements for VA-approved condos can be found in Chapter 16 of the Department of Veterans Affairs Lenders Handbook. ... has been approved by FHA and VA. Condos are considered CIDs. read more

FHA Updates Condo Approval Guidelines, Includes Reverse Mortgages

Today, the Federal Housing Administration (FHA) announced that it has published new guidelines intended to increase the number of condominium projects that are eligible for FHA insurance, heeding ... read more

Just Approved: VA condo project approval secures Veteran a home - SFGATE

Mortgage Broker: Tom Banducci, Guaranteed Rate. Property Type: Two-bedroom, two-bathroom condo in Pacifica. Loan Amount: $628,222. A veteran with strong income wanted to buy a house for his family ... read more

How Do FHA Loans for Condos Work? - Benzinga

Many condos within condo associations are not FHA-approved because the homeowner’s associations have not requested project approval. It’s possible to receive financial assistance on a condo ... read more

Condo rules need reform to keep homes affordable

Rising insurance costs and stricter rules threaten condo affordability, but balanced reforms can preserve access, according to a member of the Community Home Lenders of America. read more

FHA Commissioner Clarifies Changes to Condo Approval Process & Net Worth Requirements - Mortgage News Daily

FHA Commissioner David Stevens has restated some of the recent changes the agency has made to condominium approvals, net worth requirements for FHA lenders, and accepting electronic signatures. read more