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fha condominium project approval

Condominiums – United States Department of Housing and. – Condominiums The Condominiums page allows users to search for FHA-approved condominium projects by location, name, or status. These properties are not for sale by the FHA. The search can be configured to find specific types of projects through the use of the pull-down menus and entry fields.

FHA loan rules for condo mortgages include an approval requirement–any condo eligible for an fha insured mortgage must be on the official list of FHA-approved condo projects. Some readers want to know if there is a list of the FHA requirements that a condo project needs to comply with in order to be included on or added to the FHA-approved list.

The VA Lender’s Guide has a list of procedures to get a condo project approved if it is not already on that list. According to the VA, "For condominium projects, the lender/sponsor must provide the following to the VA Office of Jurisdiction: a written request for VA-approval, and a copy of the condominium’s organizational documents."

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That will give you a choice of far more condominium projects than you will find on the FHA list of approved projects. Ask the condo association or your lender to get FHA approval. Though it never hurts to ask, this idea will likely be shot down quickly. It takes reams of documentation, and weeks of review by the FHA, for a project to be approved.

FHA RULES REGARDING CONDOMINIUMS FHA Condo Approval Guidelines – – FHA Condo Approval Guidelines: New Construction. New Construction also has its own FHA Condo Approval Guidelines. To gain FHA approval for a project that is still under construction, recently converted, or less than 12 months old, a special set of guidelines will apply.

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The FHA also requires certain property types, such as condominiums, to undergo a separate approval process. Having an FHA approval in-hand when shopping for a home can help you get an edge on the.

CALIFORNIA FHA Approved Condos – This condominium project has 6 fha submissions apr/2020 status: approved: 8.06%: ALEGRIA AT SPANISH WALK FHA approved condo ID: S005278-001 RIVERSIDE: 261 PASEO BRAVO, PALM DESERT, CA 92211 This condominium project has 7 FHA submissions May/2019 Status: Approved: 25%: ALTIA HOMEOWNERS association fha approved condo ID: S004885-001 RIVERSIDE