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Kentlands Flower Photographs by Roy Kelley & FHA Financing 9/15/11

By
Industry Observer with Retired

Kentlands Flower Photographs by Roy Kelley & FHA Financing  9/15/11

FHA Mortgage Financing For Condominiums 

 

Condominium buyers and sellers need to know about the available mortgage financing.  If the needed financing is not available, the market for the units may be limited to cash buyers.

 

In the Montgomery County, Maryland Suburbs of Washington, DC, there are many condominium communities that now have expired HUD approvals for FHA financing.

 

This link should take you to the HUD page so you can research communities within specified zip codes.

 

https://entp.hud.gov/idapp/html/condo1.cfm 

 

 

Real estate professionals need to disclose the availability of mortgage financing to their buyer and seller clients.  When there is uncertainty about available financing, check with you mortgage lender.  All need to be alert because the lack of financing may not be disclosed in the listing notes.

 Please share photographs from your favorite places in the comments for this post. Life is good in Maryland!

Photographs by Roy Kelley.  Canon PowerShot G11 Camera.

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland  

Show All Comments
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hello Roy,

Great link.

I tried it and there is a lot of info. there for the buyer who wants to do a little research at home.

You can check out homes right down to the local neighborhoods in your areas.

Best, Clint McKie

Sep 14, 2011 11:38 PM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Excellent information for your Montgomery County MA residents AND for the rest of us who periodically deal with HUD homes. 

Sep 15, 2011 12:09 AM
Roy Kelley
Retired - Gaithersburg, MD

Good morning, Clint and Anita.  All that use FHA financing for condos should be familiar with this link.  This is not just for HUD owned homes.

In Maryland, a high percentage of home buyers use FHA financing and it is not available in a community, buyers need to move on to other purchase opportunities.

Kentlands Photograph by Roy Kelley.  Canon PowerShot G11 camera.

Roy and Dolores Kelley Photographs

Sep 15, 2011 01:00 AM
Keith Gilkey
Re/Max Chesapeake - Elkton, MD
410-920-7214, Re/Max Chesapeake

Roy, Your photo's have the best detail thanks for sharing. Have a nice day.

Sep 15, 2011 01:12 AM
Maggie McFarland
RE/MAX Pearland - Maggie McFarland - Pearland, TX
Pearland Realtor, Homes for Sale in Pearland Texas

Hello Roy! As always, you have a knack at taking flower photos! I love them!

Sep 15, 2011 01:38 AM
Joshua Zargari
MJ Decorators Workshop LI staging and home decorating - Lynbrook, NY
MJ Decorators Workshop

Good morning Roy.

It is so nice to look at your flowers every morning...

Sep 15, 2011 02:48 AM
Linda D. Pufford
Stage with Divine Style - Home Staging - Novato, CA
ASPM, Marin/Sonoma Home Stager

Hi Roy!

Your photos today are gorgeous!  As always excellent photography...  it looks like I could just reach out and touch them!

Sep 15, 2011 03:01 AM
Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

Great information and beautiful photos as always, Roy. I hope you and Dolores have a great weekend!

Sep 15, 2011 03:49 AM
Roy Kelley
Retired - Gaithersburg, MD

Good morning to all.  Thanks for your comments and special thanks for sharing your photographs.  We have another beautiful morning in Maryland.  The weather is ideal for home buyers to get out to find new homes.

 Life is good!

Roy and Dolores Kelley Photographs

Sep 15, 2011 03:50 AM
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Good afternoon Roy, I always enjoy your photographs of nature.

Sep 15, 2011 05:08 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy,

I always enjoy all your flower photos, you really do have a talent, and Life is good, when there are flowers around. A

Sep 15, 2011 05:08 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks so much for stopping by.  I enjoy taking the photographs and sharing them with you.

 Life is good!

Roy and Dolores Kelley Photographs

Sep 15, 2011 05:10 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Allowing these approvals to expire is tragic for the average condo buyer, especailly in these tough economic times. Perhaps HUD will get smart about approving recently expired ones at the very least. Nice Flowers. Need my daily fix!

Sep 15, 2011 07:05 AM
Roy Kelley
Retired - Gaithersburg, MD

You are correct, Wayne.  Not meeting HUD requirements to allow FHA financing in a condo community can have dire consequences.  Values will drop in those communities that rely on FHA financing for new owner occupant purchasers.

 Life is good!

Roy and Dolores Kelley Photographs

Sep 15, 2011 07:10 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Hi Roy,  Thanks for the flowers and FHA tips to finance condos.  I bookmark this post.

Sep 15, 2011 11:44 AM
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