fha loans: Check FHA approved list of Condo tracts before writing offer
- 09/01/08 05:20 PM
A good option for first time home buyers and buyers with lower down payments is the FHA loan program. If you will use FHA for your home purchase... Be sure you or your agent Check the FHA status of approved condo tracts before writing the offer (or check with the lender) or at this link: https://entp.hud.gov/idapp/html/condlook.cfm Some tracts in the same development will be approved while others are not. Have your agent research the tract number if there are mixed results. If it is not approved, the lender can apply for an approval which will take four to six weeks or longer. They require a substantial amount … (1 comments)
A good option for first time home buyers and buyers with lower down payments is the FHA loan program. If you will use FHA for your home purchase...;)
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