Search Sacramento homes | UPDATED! [under $50,000] [under $100,000] [$100,000s] [$200,000s] [$300,000s] [$400,000s] [over $500,000] | Sacramento condos | Sacramento multi-family (2-4 units) | Sacramento apartment buildings (5+ units) | Sacramento JUST LISTED homes & condos | Sacramento homes built since 2005 | Sacramento vacant lots & land | Sacramento commercial properties | Sacramento foreclosure listings | About Sacramento foreclosures and REOs
Explore Anatolia | Antelope | Arden | Auburn | Cameron Park | Carmichael | Citrus Heights | Curtis Park | Davis | Del Paso Heights | Downtown Sacramento | East Sacramento | El Dorado Hills | Elk Grove | Fair Oaks | Galt | Gold River | Granite Bay | Greenhaven | Laguna | Land Park | Lincoln | Meadowview | Midtown Sacramento | Natomas Park | North Highlands | North Natomas | North Sacramento | Oak Park | Old Sac | Orangevale | Rancho Cordova | Regency Park | Rio Linda | River Park | Rocklin | Rosemont | Roseville | Sacramento | South Land Park | South Natomas | Southport | South Sacramento | Tahoe Park | The Pocket | UCD Med Center & Elmhurst | West Sacramento | Woodlake
Before you write an offer, is that condo FHA approved?
Thursday, March 26, 2009
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
Labels: Anatolia, Arden, Citrus Heights, Downtown, Elk Grove, Laguna, Midtown, North Highlands, North Natomas, Rancho Cordova, Roseville, Sacramento, West Sac
Tag this post: del.icio.us | Digg it | reddit | Yahoo MyWeb | Google | StumbleUpon | Add to Technorati Faves
posted by Rob McQuade @ 8:35 PM,
![]()
