Fha Condo Requirements 2015
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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