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UPDATE: FHA extends condo project approvals again

By
Mortgage and Lending with Fairway Independent Mortgage Corp

December 9, 2010

In order to control the volume of condominium project renewals that FHA must process, the expiration dates have been extended and spread out over multiple phases through September 30th, 2011. See chart below for specific time frames.

Initial Project Approval Dates Previous Expiration Date  New Expiration Date
1972 - 1980 December 7, 2010 December 31, 2010
1981 - 1985 December 7, 2010 December 31, 2010
1986 - 1990 December 7, 2010 May 31, 2011
1991 - 1995 December 7, 2010 July 31, 2011
1996 - 2000 December 7, 2010 August 31, 2011
2001 - 2005 December 7, 2010 September 30, 2011
2006 - 2008 (Sept.) December 7, 2010 March 31, 2011

Use this site to look up a condo's expiration date: https://entp.hud.gov/idapp/html/condlook.cfm

Posted by

Please don't keep me a secret!

Kelly (Byrnes) Waugh,CMPS, CMC

Certified Mortgage Coach

Fairway Independent Mortgage

O : 704.200.2323 / C: 704.578.4577 / F: 704.765.4367

KellyB@FairwayNC.com / www.KellyWaugh.com

NMLS#: 70328

Certified Mortgage Coach

Fairway Independent Mortgage

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