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What Condos in Suffolk County are FHA Approved?

By
Real Estate Agent with Douglas Elliman Real Estate in Babylon NY

What Condos in Suffolk County are FHA Approved?

Getting an FHA approved condo in Suffolk County is  a good thing since you can put down 3.5%. Also, the condo development cannot have more than 10% rentals.

Always check with your loan officer about FHA approved condo developments on Long Island because the list changes.

Here is the link to the HUD website to check to see if your condo development is on their approved FHA list: FHA Approved Condos

Below is a list of FHA approved condos in Suffolk County:

South Shore Villas at West Babylon, NY - 7.8% have FHA mortgages.

Whaler's Cove - Babylon, NY - % of FHA mortgages are unknown.

Quail Run - Deer Park, NY - 5.14% have FHA mortgages.

Birchwood at Blue Ridge - Medford, NY - 6.76% have FHA mortgages.

Windbrooke Homes - Central Islip, NY - 12.01% have FHA mortgages.

Polo Club - Amityville, NY - 7.86% have FHA mortgages.

Fairview at Artist Lake - Middle Island, NY - 7.88% have FHA mortgages.

Leisure Village at Ridge - Ridge, NY - 4.2% have FHA mortgages.

Search for condos on Long Island NY below (no registration required!):

 

Comments(4)

Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Jackie, Great information to know for the buyers looking to use FHA.  We've had some condo associations locally allow their FHA cert to lapse, which made it more difficult for us to sell a condo in the community.  We eventually got it done, but it goes faster when ALL buyers are eligible.

Dec 16, 2012 08:25 PM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

HI Bliz, the same thing here. This is why buyers should check with their loan officer here because it happens a lot. 

Dec 16, 2012 08:27 PM
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Great infomation here Jackie.  It's very valuable to potential buyers to know about which condos in Suffolk County are FHA approved.  

Dec 16, 2012 09:33 PM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Jared, Thank you. And this list changes often so it's always a good idea to consult with the loan officer.

Dec 16, 2012 10:16 PM