FHA Might Reconsider Condo Financing

FHA Might Reconsider Condo Financing

When I first read the title of this article, I felt all kinds of excitement.  If FHA reopens its doors to condo financing, it will make it possible for our qualified FHA buyers to purchase a condo unit or townhouse governed by a condo association.  In previous years, FHA has made it nearly impossible for condos to qualify under their stringent guidelines, but according to this article, revisions on FHA rules have been completed and are only awaiting final approval from the Obama administration.  

My hopes are that the revisions being made will be significant enough for condos to begin qualifying again under FHA guidelines.  Our market in South Florida varies as widely as our buyers, and condos are a large part of what's available to purchase.  Our fulfillment in this business comes in pairing a buyer with their perfect home; and to be honest, FHA's strict guidelines can often make that impossible.

Read this article to see the potential changes coming our way!


Andrea Pavlov Headshot
Phone: 954-588-8901
Dated: June 9th 2016
Views: 115
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