FHA Approved Condos In West Chester Ohio
What is an FHA approved condo? Being FHA approved for a condo community means simply that the condos available for sale in the particular community can be financed using FHA insured mortgage loans.
How do I know if a particular condo community is approved for FHA mortgage
What happens if a condo community is not FHA approved? Mortgage financing can still be obtained for almost any condo regardless of whether or not it is FHA approved. If a community is not approved it simply means that FHA financing cannot be used. Conventional mortgage financing is still possible and obviously cash purchases are not affected.
Can a condo community be approved for FHA financing if it is not currently? Condo communities and their homeowner association boards can always attempt to get FHA approved, although recent history shows that this is difficult to obtain.
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