FHA Loans

Because these projects do not have an HOA to enforce the CC&Rs, FHA has decided not to approve these condominium projects

In speaking with several associations recently, I was surprised to hear that they knew about this FHA requirement but didn’t know anything about Fannie Mae. “We aren’t seeking FHA approval” was the response from one condo board member. Maybe not, but you are ruling out the VAST majority of buyers by not making this contribution.

Last week Fannie Mae announced the reintroduction of 97% financing for single-family homes, PUD units and condominium units.  This...

On Friday, December 9, 2015, HUD released Mortgagee Letter 15-01 which announced a 0.50% (50 bps) reduction of the FHA monthly mortgage...

The FHA loan program is a balancing act to remain competitive in the market, mitigate risk to its insurance fund and fill the niche role...

FHA Eliminates So-Called "Pre-payment Penalties" for Loan Payoffs Yesterday, August 26, 2014, HUD modified its procedure for interest...

As FHA/VA Condominium Project Consultants, we do not typically get involved with the “loan level” side of things.  Our primary objective...

The Federal Housing Administration, or FHA, is a mortgage loan insurance provider.  FHA is housed with The Department of Housing and...

Our FHA condo approval specialist Eric Boucher answers this question in one sentence! for the whole story click here

Some of these changes will happen sooner rather than later. 14 changes ahead for home mortgages - MSN Real Estate .

To find out more about FHA condo approvals and how the process works contact Eric at eric.boucher@readysetloan.com or (404)433-4565

Great blog about the financial/budgetary requirements for a condo complex to get FHA approved. FHA Condo Approval Specialist: FHA...

Great read on how HUD has changed its guidelines when it comes to condo approvals, and why they did it. What is an FHA Spot loan and...

Great article by Eric on what type of condos Fha accepts. FHA Condo Approval Specialist: What Types of Condominiums Does FHA Accept? .

Nice article explaining how the real estate market will thrive even as interest rates rise.   There's No Reason to Panic About Rising...

Nice read on what the 203k  loan process is. FHA 203k Loans: What Are They? What Are the Benefits? - Zillow .

I have seen this happen too often Pre-Closing Credit Checks - NYTimes.com .

I can't count how many clients we've had where a person is just a little lower then the fico score needed to either get approved, or get...

A Look Behind The Curtain: How To Choose A Mortgage Lender - Forbes . Great article on how to choose your lender, here are a few things...