fha condominium approval: Text of FHA Condominium Approval Post
- 02/16/10 10:25 PM
Downtown St Louis saw an investment of 4.4 billion dollars in reinvestment between 1999 and 2008. During most of that time, the acronym "FHA" used in conjunction with home loans was mostly unheard of (see My Day at the FHA part 1 and Part 2). Having been developed during that time, there was no percieved need for loft buildings to be "FHA Approved" at that time. FHA insured home loans have always treated condominiums different than single family homes, having an complicated approval process. Once approved, FHA loans could be done on a building with "limited review," meaning that the underwriting was simplified and minimal information (0 comments)