buy a condo with an fha or va mortgage in macomb county mi: This is going to be fun - new HUD approval process for condo purchases is right around the corner. Heads up everyone!
- 09/08/09 09:17 AM
I normally write blog posts that are geared for my local consumers (Macomb County MI) but this one is going to affect all of us who have buyer clients using FHA for their mortgages and condo purchases. (Please read HUD Mortgagee Letter 09-19 , HRAP/DELRAP, for all the specific details of the way HUD will approve - or not - a condo complex.) One of the websites that I rely on when looking for condos for my home buyers is https://entp.hud.gov/idapp/html/condlook.cfm . It's a nice look-up site for buyers and their agents to find out if a condo complex has been … (6 comments)
buy a condo with an fha or va mortgage in macomb county mi: $100,000 in Clinton Township MI? There are 7 to choose from this morning.
- 12/13/08 08:32 PM
Macomb County MI has many cities and townships within its borders and theprices of homes as well as the homes amenities varies as you search withinthe county. This morning in Clinton Township MI there are 7 homes and condos for sale all priced at $100,000. One of the condos for sale is a 2 bedroom in the Stonegate subdivision thatis a little over 1300 square feet and within the Lanse Creuse school district. The Stonegate subdivision has its HUD approval, which means that you canpurchase the condo using a FHA mortgage. Keep in mind that FHA mortgageswill require 3 1/2% after … (6 comments)
buy a condo with an fha or va mortgage in macomb county mi: Buying a condo in Chesterfield Township with FHA or VA mortgage.
- 05/07/08 11:11 PM
One of the questions that I am asked quite often is if a condo can be purchased with an FHA or VA mortgage. The answer is a resounding YES. In fact, I find the whole process with FHA and VA purchasesto be a bit easier with condos than with single family homes. Typically condos have muchless of the larger items in disrepair to meet the appraisal guidelines: Roofs are normallyin good condition, foundation & grading issues rarely arise, etc. HUD has a list of condominium complexes online that you can quickly review to see if thecondo that you have chosen is in … (5 comments)
I'm
a firm believer that the best real estate relationship is a
partnership. We work together to achieve your goals - whether
it be in purchasing your first home or selling your present
home to purchase another or to relocate.
Please
feel free to email
me at any time. I would enjoy chatting
with you and getting to know you.
Last week I received an email from someone who wanted to know if there is a list of HUD approved condos that she could look over. I directed her to HUDS site that is updated when condo sites are approved, searchable by state, city or zip code. This morning I had some free time to read and decided to more thoroughly delve in to the FAQs that are posted by HUD regarding all the new guidelines that must be met in order for a buyer to purchase a condo with a FHA mortgage. I have to tell you, while scrolling through … (43 comments)
;)
;)
