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FHA and condo purchases in Macomb County MI - how to find out if the complex is approved
Our local real estate market has some of the best buys that I've seen in over 10 years, and condominiums are no exception.  In fact, I think condo prices are the best bargain out there in Macomb County right now. The prices have come down so low that even the most elegant of condos is now reaching into FHA financing loan limits range.  Many people are starting to realize this and have inquired recently as to whether a condo in our area can be purchased with an FHA (or VA) mortgage.  The answer is a resounding yes.  Keep in mind though that not every condo complex is HUD approved and a bit of background work should be done by your agent or mortgage lender prior to making an offer on one of these great buys. When I have a buyer client that wants to purchase a condo and is using an FHA or VA  mortgage I do my homework ahead of time prior to viewing them.  One of the resources that is available to all of us is the HUD website that has a list of approved condo complexes. You can search using a city or a zip code and the ... more

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