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FHA and VA approved condos | Latest News
Mortgage Network Adds Senior LO Christopher Cowher
Cowher brings more than 25 years of experience to Mortgage Network in the areas of condo, multi-family, jumbo, VA and FHA loans. "Having served clients ... "Homebuyers who get pre-approved for mortgage financing ahead of time are in the best position ... read more
New Lending Guidelines Making It Tough on Some Condo Buyers- Condo HOAs and Owners You Can Help
FHA Approval for the condo building VA Approval for the condo building FNMA (Fannie Mae) approval for the condo building Read on to learn why these important condo building approvals might help preserve values in condo buildings, in any condo market. read more
Need to Know: Purchasing a Condo with a VA Loan
If you live in California, like Dennis, a new law effective on July 1, 2016 states that HOAs must disclose in their annual reports whether their common interest development (CID) has been approved by FHA and VA. Condos are considered CIDs. Once the effects ... read more
Courts and Compliance; FHA Condo Proposal; Lender Updates on FHA, Rural, and VA
Lenders know that FHA currently requires that approved condominium developments have a minimum ... There are plenty of investor and lender specific FHA & VA, and USDA/rural changes announced in the last week or so. Here's a sampling. HUD's existing ... read more
Just Approved: VA condo project approval secures Veteran a home
Loan Type: VA ... FHA loan, except veterans don’t have to pay mortgage insurance on top of their monthly mortgage. The family happened upon a townhome condo in Pacifica they desperately wanted. Unfortunately, the condo project was not currently VA ... read more
Want to buy a condo? See how a new law could expand FHA options here in O.C.
According to real estate data firm Black Knight, FHA and and Veterans Administration funding represented 19 percent of the 50.6 million loans outstanding in the U.S. as of June. Until 2009, condo associations kept their FHA approval indefinitely ... read more
New FHA condo rules may hinder mortgages
Of the several new rules and requirements, there are four that most directly affect people who want to buy condos with FHA-insured mortgages: "Spot approvals" are eliminated, and now the entire project has to meet FHA approval before a borrower can get an ... read more
Important FHA & VA Home Loan Standards
Buyers with FHA (Federal Housing Administration) and VA (Veteran Administration ... Wood burning stoves and fireplaces do not quality. A wall heater is approved. Pools & Pool Equipment. Besides being filled, pools & equipment must be in good working ... read more
Is the FHA mortgage your best home loan?
They include Fannie Mae and Freddie Mac (conforming) loans, HomeReady TM and Home Possible® mortgages for low-to-moderate income borrowers, non-conforming loans, VA loans ... a condo, co-op, manufactured home or non-traditional property with FHA. read more
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