An FHA loan is a mortgage that is insured by the Federal Housing Administration. The loan has more lenient credit requirements and tends to be more forgiving about credit history with regard to.

FHA Eases Condo Approval Guidelines – February 1, 2016 – In November of 2015, the FHA and HUD ran a press release on the official site (www.fha.gov) announcing temporary guidance making it easier to get a condo project added to the approved list for an FHA mortgage loan.

FHA-approved condo requirements. FHA-approved condos must meet specific hud requirements outlined in their Condominium Project Approval and Processing Guide. The list of conditions is pretty extensive, but in general, an eligible project must: Be in compliance and good standing with state and local laws and regulations