FHA Loans, Key to Financing Tampa Bay Condos

In the Tampa Bay area, there are condos available in every shape and size, and every price range. You may even say there is an over abundance of condos, Why? Because you can't get financing for condos, sure you can put down 30, 40, or even 50%, but otherwise you just can't seem to find a lender for condos. But wait there is an option for the first time home buyer or others on a fixed budget that want a low maintenance alternative to the single family home. FHA to the rescue, you can still get a loan for 3.5 percent down, but there is a catch, the condo must be approved by FHA prior to your application so check and see if your choice is on the "FHA approved list" prior to making loan application. If you need further information on this, please let me know and I will be glad to help you out.