fha condo financing: More Condo Transactions Possible Courtesy of Recent HUD/FHA Changes - 01/21/20 12:04 PM
 
 
More Condo Transactions Possible
Courtesy of Recent HUD/FHA Changes
 
Today's homebuyers are increasingly reflective of the reality of modern life and its challenges ...
As shared in my recent post, "Mortgage Advice & Options for Un-Married Couples", non-traditional methods of home buying are becoming (often out of necessity) more common and popular, especially among younger homebuyers. 
 
Concerns regarding:
Home Affordability Family Structure Marriage Finances Student Loans Employment More  
... are motivating buyers to seek home buying solutions beyond those utilized most frequently in the past.
 
One such solution historically popular with young buyers and those downsizing has been the purchase of a Condominium.  Condos are often seen … (19 comments)

fha condo financing: FHA Changes to Condo Guidelines ... Why They Matter - 08/22/19 08:18 AM
 
 
FHA Changes to Condo Guidelines ...
Why They Matter
 
FHA (Federal Housing Administration) has announced that it is issuing new guidelines for Condominiums and Condominiums projects.  The new guidelines will take effect as of October 15, 2019.
 
While the new rules extend the time period for FHA Certifications on condominium developments from 2 to 3 years (a long-awaited and very welcomed change) and make more mixed-use approvals possible, for me the most exciting portion of this announcement centers on single Condo units. 
 
In a nutshell, these changes should make it easier for individual Condo units to qualify for FHA-backed mortgage financing.  That's an important and … (26 comments)

fha condo financing: How do YOU spell Relief? CONDO relief, that is ... - 09/25/12 11:48 PM
 
How do YOU spell Relief? CONDO relief, that is ...              I'm probably dating myself just a bit when I say I remember the commercial included below well enough to deliberately go hunting for it on  YouTube.  (And I'm sure current Dallas/Tony Romo fans say, Roger Staubach who?)    
 
 
           Back in the early 80's when this ad was running, RELIEF was spelled R-O-L-A-I-D-S ... but as of September 13th, 2012? I think it should be spelled ... F-H-A ... Condominium Projects Revisions!
     Yes ...finally... FHA has revised its rules on … (11 comments)

 
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience

New Lenox, IL

More about me…

NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656

Address: Gene Mundt, Mortgage Originator c/o American Portfolio Mortgage Corp., 318 Alana Drive, New Lenox, IL, 60451

Mobile: (708) 921-6331

Office: (815) 524-2280



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