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How does one get their property FHA approved? My condo complex is not FHA approved.Anything I can do

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October 14 2009 - Harrison
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Profile picture for SunTrust
Just to clarify on the link I gave below; you can't do a spot approval.

The HOA probably could care less if they're FHA approved; the lender would usually handle it.
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October 14 2009
Profile picture for Mortgage America
Typically, FHA approval for the community would be pursued either by the builder or the HOA.  For communities that are not FHA approved, many lenders can do a FHA condo spot approval and approve your individual unit for FHA financing.  Either option can get you the same result.
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Profile picture for SunTrust
If you already have an FHA loan and are doing a streamline, you don't need to get the condo approved.

Otherwise; the answer at this link:

http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-19ml.doc
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October 14 2009
 

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Profile picture for Timothy Sutherland
QuestionHow does one get their property FHA approved? My condo complex is not FHA approved.Anything I can do
  • Latest answer by Timothy Sutherland
  • October 14 2009
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