Attention Placentia Condominium Homeowners: You are leaving cash on the table if your Condominnumim or Town home community is not approved for FHA or VA home loans.
As of February 7th, 2014 there are No Condominium or town home communities approved for FHA Financing in the city of Placentia. This means that properties being offered for sale will have far less opportunities for potential buyers. Fewer buyers usually equal sellers not being able to obtain offers at market value.
It is not very difficult to obtain an FHA Approval for your community. There are certain guidelines that The Department of Housing and Urban Development has set as minim requirements. The 2 key elements are The HOA budget is healthy and the rental to owner ratio. These 2 items should be checked before your association board spends and money trying to obtain an approval.
For more information on getting your Homeowners Association and Community FHA Approved Contact Tina Maraj, 714-403-7901
Helping Home Sellers and Buyers realize their goals Since 1989!