Many condo owners are finding it hard to sell their condos because the condo is NOT FHA approved, however sellers and buyers in
Devon Pennsylvania can relax because Old Forge Crossing condo association has gone through the rigorous process to get themselves approved by FHA to streamline the process for buyers of obtaining an FHA mortgage.
Remember, FHA also offers the 203K loan that allows the borrower to obtain a mortgage based on the improved value of the condo after repairs, allowing funds for modernizing, updating and general improvements. Improvements do need to be carried out by a licensed contractor and not by the owner on odd weekends, but this is a great product in older developments where maybe the unit you are interested in has some need updating to bathrooms or kitchens.
We currently have two units for sale in Old Forge Crossing, a one bedroom ground floor end unit 5 Old Forge Crossing and a two bedroom two bath second floor unit 39 Old Forge Crossing which has been totally upgraded and rehabbed in recent years including new heater and a/c unit, the upgrades throughout this unit with wood doors, great bathroom and kitchen rehabs make this a wonderful ready to move in to unit and now with FHA approval easy to finance as well.
Click the photo for information on Old Forge Crossing
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