New requirements are now in effect for FHA Loans on Condominiums in Arizona and beyond. HUD has recognized the importance of financing condominiums for young buyers, first time buyers, and others who will further strengthen the real estate market. Please contact me now if you've shied away from purchasing because of the difficulty to finance a condo in the location you desire.
See the announcement at NAR Here:
For many Arizona buyers looking to live in premier locations condo financing has been unavailable, single family homes too expensive, and renting the only option. LOOK NOW! Things have changed and new options are now available to you as s buyer with only a 3.5% down payment.