fha condominium approved list
Many states have hundreds of condominium projects. FHA maintains a database of approved condominium projects to allow lenders the option of providing a "spot approval" when approving an FHA loan in a condominium development that had not received FHA approval. As of Feb. 1, 2010, FHA eliminated the spot loan approval process.
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In order for a given condo to be approved for an FHA home loan, it must be on (or added to) the FHA’s list of approved condominium projects. FHA publishes a searchable list of approved condo projects on its website. This link has not expired since the publication of HUD 4000.1.
current 10 year mortgage rates home equity line of credit versus home equity loan Current Mortgage Rates – Mortgage Loan Calculator – The Federal Reserve has a far shorter-term outlook whereas mortgage rates are based on a much longer economic outlook – the most commonly held US mortgage is a 30-year term loan and requires a far deeper analysis. Far more accurate is to follow the 10-year United States Treasury note as a predictor of the movement of mortgage rates.
The FHA Condo Approval list is the only official list released by HUD.. It is updated once a day, so there is a 24-hour lag for condos that become FHA Approved, and when they appear on the list.Because of this, make sure to check back daily to see any updates made by HUD to the FHA Condominium Approval list.
Who do I talk to about an FHA mortgage? Answer: You’ll need to talk to a HUD-approved lender and ask them about FHA mortgages. Contact our FHA Resource Center at firstname.lastname@example.org or by phone at 1-800-CALLFHA for information about FHA mortgages. Contact a housing counseling agency to see if there are any other financing options that might work for you.. How can I find out if I am due a refund of.
List of FHA approved condos in CALIFORNIA. Condominium Name Street Address Expiry Date FHA% alta mar fha approved condo ID: S010039-001
Whether a first time home buyer or repeat buyer, FHA loans provide so many advantages to buy a home. FHA even helps buyers purchasing a condo as a primary residence with the same benefits as a regular home. The only caveat is that the condo must report as approved on the FHA approved condo list.