Use this post to educate prospective condo buyers interested in using FHA loans about restrictions related to condo purchases. Also includes a link to a handy online search platform for identifying FHA-approved condos.
- FHA Condo Buyers Beware
- Interested in an FHA loan and a condo? Don’t miss this.
- How to Find an FHA-approved Condo
(Used to describe the post on Facebook, search engines, etc.)
Not all condos are created equally… at least according to HUD/FHA guidelines. If you’re shopping for a condo using an FHA loan, here’s what you need to know.
From the post:
“If you’re looking to take advantage of an FHA Loan and are considering a condo, you should be aware that not all condos are eligible for FHA Loans.
A condo can be a great choice for a first-time buyer. Also great for first-time buyers? FHA Loans. Many FHA Loans require down payments as small as 3.5% of the purchase price of the property. They also create loan opportunities for people with less-than-perfect credit or other financial challenges…”
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