why would a condo not be fha approved

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Condo Association not FHA approved – able2know – Condo Association not fha approved. forums: housing Email this Topic Print this Page . Linkat . Reply Mon 5 Oct, 2009 09:50 am From a neighbor that is trying to sell their condo I heard that our association is not FHA approved. This concerns me as we hope to sell our condo in a year.

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FHA Approved Condos Search What Are FHA-Approved Condos? | realtor.com – If you’re looking to buy a condo with an FHA loan, you must choose from a list of complexes that have been fully vetted by the administration. Note: The FHA is not a mortgage lender-it insures mortgage loans from approved banks and lenders. In turn, these lenders give loans to people who meet insurance standards.

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Why you should make sure your condo is on the FHA approved list – Another reason why you should make sure your condo is on the FHA approved list is because you or one of your neighbors may need to use FHA financing to refinance. As a result of our current mortgage landscape, fewer mortgage programs are available for people who may not have the highest credit scores or who need a mortgage with a higher loan.

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FHA-backed loans: the next subprime crisis? – That’s on top of the $700 billion financial-system rescue Congress has already approved. toward FHA loans. The Coral gables (fla.) lender has a different twist on the business: He uses FHA-backed.

ASK A REAL ESTATE PROFESSIONAL: WHAT HAPPENS TO THE MORTGAGE WHEN A COUPLE SPLITS UP? – Jen A: Your bank will not allow him to simply take his name off the loan. His income and credit score most likely contributed to the loan being approved. Why do we have to pay this if we have more.

Home Selling: Condos that aren't FHA approved – Trulia Voices – When I list condos that are not FHA approved, I obtain the condo docs and. if your community does in fact meet FHA guidelines and is eligible.

How to refinance your condo – The first issue is whether your condo has been approved for conventional (Fannie Mae or Freddie Mac) or FHA financing. Approval is required. If it is approved, your condo refinance can go forward..