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Sacramento Real Estate Sacramento Homes Sacramento Condos Sacramento REALTOR®

 

Better Homes and Gardens RE - Mason-McDuffie
1819 K Street, Suite 100
Sacramento, California 95811-4182

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Before you write an offer, is that condo FHA approved?

If you're using an FHA loan to buy a condominium, are you making sure that condo you're interested in is FHA approved?

It can be challenging knowing which condo developments (and not just in ) are eligible for FHA financing. The bad news first: there are a surprising number of condos for sale that an FHA buyer can't purchase because they don't meet HUD guidelines. The good news: you can check to see if a condo development is FHA approved online and sometimes condos can get what's called a "spot waiver".

Ask your REALTOR® if he or she knows whether that condo is approved for FHA financing before you write the offer. To make sure, share these links:

LINKS

Search for FHA-approved condos
More info about HUD/FHA condo guidelines

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posted by Rob McQuade @ 8:35 PM,

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