you may purchase a condo to own at Foxridge Condominiums using an FHA Loan. For more information about FHA-Approved projects, please visit: https://www.realtor.com/advice/buy/fha-approved-condos/ Here is another great resource about FHA Loans: https://www.zillow.com/mortgage-learning/fha-...
The Federal Housing Administration (FHA) requires that the condominium developments must be pre-approved for FHA mortgages in order for you, the buyer, to get an FHA mortgage. We’ve created a list of all the condos, lofts and townhomes that qualify for FHA loans. View the list of qualify...
While obtaining a mortgage for a condo is generally similar to a single-family home, there can be specific challenges. For example, to get FHA loan approval, condos must meet specificFHA approval requirements. Condo complexes must meet specific criteria to be approved for financing, such as a ...
This will make it easier for unapproved condominiums to meet the minimum 50-percent owner-occupancy threshold, allowing more single units to be purchased with FHA-insured loans. The Final Rule also allows more mixed-use projects to be eligible for FHA insurance. Specifically, the Final Rule ...
FHA The Village Green Condos in Chapel Hill are recently FHA approved. This makes them more valuable. Then when lending standards became tight in around 2007 buyers started to really consider FHA loans because of the low money down, lower closing costs and easier credit qualifying parameters. Not...