Why condominium associations should become HUD/FHA condo approved – For some people there’s been a stigma related with HUD and that is no longer the case – people buying in your price point are buying and need more mortgage options. Gone are the days of FHA Mortgage light documentation an...
approved by the FHA. Under the Final Rule, qualified homebuyers of condominium units in unapproved projects where a minimum of 50 percent of the units are owner-occupied and the entire condominium project is complete will now have similar access to FHA-backed loans subject to the following ...
Realtors Press HUD for Quicker Action on FHA Condo RulesByline: Brian Collins WASHINGTON -- The National Association of Realtors is calling on the...Collins, Brian
FHA is softening its stance on delinquent monthly condo fees and home owner association (HOA) dues. FHA is now allowing up to 15% of a project’s units to be 60-days delinquent on condo fees, up from just 30 days delinquent under the prior rule. This change acknowledges the depressed ec...
Hector Hernandez’s mortgage company, Great Country Mortgage Bankers, specialized in mortgage loans that were insured by the FHA. Continue Reading… In Mortgage Fraud False Documents/HUD, FHA Mortgage Fraud, Florida, Kickbacks, Loan App. Misreps Man...