FHA Approved Condos Search
In order to purchase a condo with an FHA loan, the complex must be approved. FHA approved condos combine simple living with affordable financing. But in order to use FHA, the complex must be on the FHA Approved Condos website.
Directions for Searching for FHA Approved Condos:
Follow these steps to find FHA approved condos quickly. The site is a picky one, so make sure you try several ways
- Click here FHA Approved Condo Search
- Choose to search by state or city & state
- Best not to type the name of the condo complex
- Try searching different ways because often a condo will not show in a particular city. Yet it will show in the county.
For condos not on the FHA eligible list, it is possible to submit to FHA. Although the submission process can be expensive and time consuming. But if approved, buyers and sellers benefit tremendously. We would be glad to facilitate the submittal of the condo to FHA, but allow sufficient time. Actually the other day, we received VA condo approval after we submitted one to the Department of Veteran Affairs. Therefore Topsail Reef Condos show as VA approved.
FHA approved condos allow prospective buyers to have affordable payments along with low down payment. Other than the FHA approved list requirement, all other normal credit, income, and other FHA guidelines apply. Additionally, condo owners that have a current FHA loan could use a streamline refinance too.