How Do I Know if a Condo Project is FHA Approved?
If you are interested in a condo and you will be using FHA financing, the project must be FHA approved. To find out if a condo has been FHA approved, you can visit the Condominium Page on the HUD website. There are a variety of ways to search to a project.
You can search by:
- City
- Zip code (I find that trying the zip code first is usually the easiest option)
- Condo name
- Condo ID
You may also need to search each approval method:
- HRAP/DELRAP: New HUD Review and Approval Process (HRAP) or Direct Endorsement Lender Review and Approval Process (DELRAP).
- Pre HRAP/DELRAP: Former approval process.
Should you not see your community on the list, Prospect Mortgage is an approved DELRAP lender. HUD only grants DELRAP authority to direct lenders that it has deemed to have significant condo project approval experience. At Prospect Mortgage, we can determine whether or not the project meets FHA eligibility.
If the project requires an additional review, we can also submit the project to HUD for a full HRAP approval. Since HUD does have to complete an HRAP review, this process will take longer based on their current volume.
There are condo project located all throughout Georgia including: Acworth, Albany, Alpharetta, Athens, Atlanta, Augusta, Austell, Avondale Estates, Blairsville, Bloomingdale, Blue Ridge, Bogart, Brunswick, Buckhead, Buford, Canton, Carrollton, Cartersville, Chatsworth, Clayton, College Park, Columbus, Commerce, Conyers, Covington, Cumming, Dahlonega, Dacula, Dalton, Dawsonville, Decatur, Doraville, Douglasville, Duluth, Dunwoody, East Point, Fayetteville, Flowery Branch, Gainesville, Greensboro, Hampton, Hapeville, Hinesville, Hiram, Jackson, Jefferson, Jonesboro, Kennesaw, Lagrange, Lawrenceville, Lilburn, Lithia Springs, Macon, Madison, Metter, Morganton, Morrow, Newnan, Norcross, Oakwood, Peachtree City, Pooler, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Scottdale, Statesboro, Stockbridge, Stone Mountain, St Marys, Sugar Hill, Suwanee, Thomasville, Thunderbolt, Tucker, Tybee Island, Valdosta, Waleska, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock, and many more cities.
For more information on FHA condos, please call (404) 591-2453.
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