FHA loans level the real estate playing field for low-income homebuyers. Unfortunately, if you have your eyes on a condo, you might be in for a challenge. If the condo of your dreams isn’t FHA approved, should you give up or move forward? It might be worth your while to persist. Did you know that […]
Tag Archives: Condos
16
Apr
Apr
T. is a big difference in financing a SFR (single family residence), Condo and a PUD (Planned Unit Development) and it is important that you are educated upfront! A Single-Family Residence (SFR) is intended for the use and occupancy of a single-family. They are Fee Simple Estates which is the greatest interest one can have […]
22
Oct
Oct
It’s Here: Mortgage Rule Opens Door to Thousands of Condos Buyers found a condo they loved only to find that it doesn’t qualify for a federally backed mortgage? Try again tomorrow. New rules that open more condos and complexes to FHA loans go into effect on Oct. 15 – a break in condo-heavy Fla. […]