Property Types Allowable For FHA Mortgage

Date:April 8, 2010 | Author: | Category:FHA Loans

Property Types Allowable for FHA Mortgage

FHA will insure the following types of properties:

  • Detached 1-4 units
  • Semi-detached 1-4 units
  • Townhomes
  • Row Houses
  • Individual units with FHA approved condominium project

The property types that meet the above criteris must still meet all other FHA requirements for condition, marketibility and title and ownership.

FHA will NOT insure the following property types

  • Commercial
  • Boarding homes
  • Hotels or motels
  • Condotels
  • Bed and breakfast establishments
  • Tourist homes