For condo buildings with fewer than 10 units, only two units can have FHA loans. Every three years, the condo project must be recertified to ensure it still meets requirements. Tip: According to the FHA, there are more than , condominium projects in the country, but only 6.
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Talk to a loan officer only if you want to. Find Rates Now Trustpilot. Tip: Also consider working with a lender or real estate agent who has experience with this type of loan. They can help you find a good fit and understand the steps involved. Mortgages FHA vs. We've pretty much used the names. Every now and then, yes an association may change a name, yet we've been able to figure them out by checking by city by city. Usually by narrowing down that way we've been able to figure out the hoa.
Anyone have input on this or a reliable way of finding the buildings condo ID number? Comments 2 Subscribe to Comments Comment. Please log in or register to comment. Log in Join now. Show All Comments.
Lynda Eisenmann. Search Search. Condominium Project Approval. Are Reserve Studies required for condominium projects? Can a loan close if the condominium project approval expires after the case number is assigned? Can a Mortgagee make a loan in a condominium project that is not FHA approved?
Can I refinance a loan in a condominium project whose approval has been withdrawn? How do I submit an exception request for a mixed-use condominium project?
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