Real estate blog entries tagged with condo by Justin Williams

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Home : Blogs : Justin Williams - Loan Officer : Just-In-Time Loans : Tag "condo"

condo: FHA Spot Condo Approvals - 11/08/08 01:36 PM

(Spot The Target Dog)

FHA-approved condominium projects
When buying a Condo that requires FHA financing, the condo must meet certain strict requirements in qualifying for the Government Based FHA loan product.
The Standard Rule is that the Condominium Project must adhere to at least having 51% of the owners being owner-occupied in order to qualify for FHA financing.
Now if the Condo Project is just being built and has many stages of being built in the future then you can exception in Stage Development that requires case by case approval.
https://entp.hud.gov/idapp/html/condlook.cfm

Condos that are not approved
So what happens … (17 comments)

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Justin Williams - Loan Officer

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