Home > Blogs > Crystal Brummer > Crystal Brummer | Lake Calhoun | Uptown 's Blog

Who knows the FHA guidelines for condos?

By Crystal Brummer

Real Estate Agent with Brummer Realty -

October 08, 2007 07:51 AM

I'm listing a property that is a condo. I know there are some stipulations that some condo communities are approved and some are not. I need to find out if my property is approved. Do you know what the guidelines are?

Comments(5)

Comment

Show All Comments

Sort:

Dave Woodson

Dave Woodson - Chesterton, IN

Not the Average Agent

check out hud.gov

request the handbook, they are easy once you know the guidelines

Dave Woodson

Oct 08, 2007 07:59 AM

Chris and Berna Sloan

Group 1 Real Estate - Tooele, UT

Tooele UT

Crystal... Google HUD approved condos, then click on any one of the sites mentioned and you will get directions to the "approved Condominium" list.

Good Luck

Oct 08, 2007 08:00 AM

Paul Moye

Benchmark Realty - Franklin, TN

Broker, GRI, SRES

Chris beat me to it. A good rule of thumb is that if it is a horizontal high rise then it will not qualify as FHA. If it a townhouse style then although it is a Condo it was most likely classifies as a PUD with some land ownership to the property owners and will qualify.

Oct 08, 2007 08:26 AM

Frank D'Angelo

EXIT REALTY NEXUS Minneapolis & St. Paul MN - Coon Rapids, MN

Helping people is my business in Real Estate

Hi Crystal,

If it;s that TH listing in CR.... It's likely not FHA approved....Your potential buyer needs to explore other mortgage options like My Community etc...

If you need some help with this buyer, let me know...

frank

Oct 09, 2007 02:10 PM

Rob Arnold

Sand Dollar Realty Group, Inc. - Altamonte Springs, FL

Metro Orlando Full Service - Investor Friendly & F

HUD has a list by state and city on their website of condos that are approved for FHA mortgages. https://entp.hud.gov/idapp/html/condlook.cfm

Oct 09, 2007 02:13 PM