FHA/VA Condo Project Approvals

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Can We Not Send that Document to FHA?We are currently processing a 2-year FHA recertification for a small 6-unit condominium.  It was approved with FHA in June of 2013 so it should be a piece of cake, right?  Well, maybe not…Our contact with the association hired us after reading a few of our blo...
No Pooled Insurance Without a Master AssociationThis may be one of those cases where FHA makes internal changes to its guidelines for condominium project approval and doesn’t tell anyone, which sometimes happens.  We who submit condominiums for FHA project approval often don’t learn about such in...
USDA Purchase Loans for Condo UnitsProbably the most under-utilized purchase loans for condominium units are those insured by the USDA.  Like the VA and FHA, the USDA Rural Development (RD) program is a home loan insurance that allows the financing of condominium units.One of the most important c...
Can Our Condominium Get FHA Approved Before Construction?Recently, I received a call from a developer in California who asked me at what point during construction is a condominium eligible for an FHA condominium project approval.  She has a condominium approved for development by the city but gro...
What a Difference a Year of Practice Makes Tonight was my son, Tyler’s, high school talent show.  Last March, after 18 months of playing drums, he had the courage to get on stage in front of nearly-full high school auditorium and play his stuff.  During his performance, he dropped a stick, picked...
March Madness Contest - And the Winner Is... ...Roger Mucci? Our final competitors, Michael Jacobs and Praful Thakkar are two outstanding bloggers that you should follow if you don't already. Michael had his hands full as Praful was coming off a 4th Round victory in which he scored 124 comments.....
March Madness Contest Round 5 - The Finals After a hard-fought round 4, we now have the final two competitors remaining in the competition.  The final results are in and can be found here or in .pdf format here. The Midwest-West battle was poised to be a tough one, and it didn’t disappoint.  Mich...
March Madness Contest Round 4 - Final Four Well, here we are folks...down to the final four remaining competitors.  It was a great round with a couple of close match-ups that were decided by 4 or fewer comments.  Make sure to visit the competitors’ blogs over the next couple of days and show your...
March Madness Contest Round 3 - Elite 8 Well, it was another thrilling round with a couple of very close match-ups! The closest was between Michael Jacobs and Dick Greenberg.  They were tied with 35 unique comments apiece but Michael won the tie-breaker by collecting 13 “Likes” to Dick’s 11. I di...
March Madness Contest Round 2 - Sweet 16 The results are in and are posted in here or in .pdf format here.  I want to thank Jon Kolsky for double-checking my numbers. There were a couple of close match-ups this round.  The closest of which was Nina Hollander and Dick Greenberg.  After counting an...

Eric Boucher

The FHA/VA Condo Project Approval Guy
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