Tag Archive for: FHA condo

How to Find Out If a Condo Is FHA Approved

Before you write an offer on a condo, there is one question worth answering first: is the complex FHA approved? The answer affects your down payment, your rate, and how many other buyers you are competing with. But here is what most buyers do not realize: a condo not appearing on the FHA approved list is rarely a dead end. There are still solid financing paths available, and checking the status takes about five minutes once you know where to look. Here is exactly how to do it and what your options are depending on what you find.Read More

FHA: “Condo Complexes No Longer Have to Be FHA Approved” – Spot Approvals Return!

About ten years ago “FHA Spot Approvals” went the way of the dodo bird, in that they disappeared. This was devastating to a lot of FHA buyers b/c condos were […]Read More

Both VA and FHA Require Formal Condo Approvals; Alternatives

Most agents and borrowers know that condo complexes need to be “FHA approved” before a unit within the complex can be purchased with FHA financing. What many don’t know, however, […]Read More