spot approval: FHA Single Unit Condo Approval - 09/11/20 10:56 AM
FHA condominiums that are "approved" by the Federal Housing Administration (FHA) are eligible for an FHA Home Loan. The FHA provides an easy to use condo lookup tool that lists the FHA approved condos. If the condo development is not on the approved list or the approval has expired, then the project will need to be approved or re-certified before an FHA loan can be obtained, or the buyer can seek a Single-unit approval.
Single-unit approval (previously named spot-loan approval)On 10/15/2019 HUD officially implemented the Single Unit Approval process. It is now possible for borrowers to obtain FHA approval for single units within condominium complexes that … (0 comments)

Kevin Whatley, Professional Mortgage Lender (Homespire Mortgage)

Kevin Whatley

Professional Mortgage Lender

Flower Mound, TX

More about me…

Homespire Mortgage

Address: 1011 Surrey Lane, Building 200, Suite 44, Flower Mound, Texas, 75022

Office: (817) 930-2575

Mobile: (469) 993-9395

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