Well just when you think you’ve got something licked they go and change it on you, That is the case with legal condos being FHA approved. I am updating my pervious blog as a lot has changed, including expirations to the approval. Here are the step by steps instructions to get a condo approved for FHA financing. (Remember it isn’t necessarily a condo/townhouse appearance, you need to check your legal description)
1. Click on, Condo lookup, to see if your condominium development is currently FHA approved. If your condo development is listed, great. Take note of the expiration date and start the recertification process 6 months prior. Recertification can be found on the HUD website. On right side click on recertification process.
2. For those of you whose condo development is unable to accept FHA financing go to the HUD website. On right hand side click on condo approval process or click here.
This process is not difficult or expensive, just time consuming to get all the documentation together. If you would like to call HUD directly, try their FHA resource center at 1-800-225-5342. Last time I called they were very accommodating and emailed me information quickly. Good luck!
