why would a condo not be fha approved

Condo Adviser: What is 'FHA approved,' exactly? Can I get a reverse mortgage on a condo? | Nolo – Can I get a reverse mortgage on a condo?. a HUD-approved condominium. Reverse mortgages that are not insured by the FHA are known as proprietary reverse.

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FHA Fee Capped Removed; Treasury Crosses $2 Trillion in Debt Sales; Pipeline Control Tactics; Updates from GMAC, UBOC, USB, Caliber, and Alerus – say 2010 is pronounced "twenty-ten", not "two-thousand ten. and will no longer allow FHA-Approved Project Reviews for Condominiums. Why are rates where they are? The answer is.

FHA Condo Approval Requirements: Sellers and Buyers Beware – Use the additional resources to learn more about why having an FHA approved condo is so important! About the author: The above real estate information on why FHA condo approval is so important for buyers and sellers was provided by Bill Gassett, a Nationally recognized leader in his field.

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B4-2.2-05: FHA-Approved Condo Review Eligibility. – FHA condo project approval is not acceptable for conventional mortgage loans secured by units in new or. Lenders may search for FHA-approved condo projects by.

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why wouldn't a Condo be FHA approved? | Yahoo Answers – Why wouldn’t a Condo be FHA approved? I am trying to buy a condo but I got informed that is not FHA approved, even thou I have the money for the down payment, i don’t know if it is something negative on the property.

Fell in love with condo.but it isn't FHA approved (loan, real. – The above are not the only ways for a condo complex to not be FHA approved.. "How long does it take for a condo to become FHA approved?

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Why Should My Condo Project Become FHA-Approved? – According to the changes that FHA made, these three loan programs cannot be used to finance any unit that is in a condo project that is not FHA-approved. Until February 2010, FHA allowed spot approvals which permitted FHA financing to be used in projects that were not FHA-approved.

FHA Approved Condos – Lender411.com – However, in order to purchase an FHA approved Condo, the condo must first have been approved by the Federal Housing Administration; this rule does not have any exceptions. For a homeowner with an FHA loan, that loan is assumable and with today’s historically low rates, a condo purchased with an FHA loan will be in demand as rates climb.