FHA loosening Condo Requirements

Attached an article from the Seattle Times outlining some positive changes to the FHA condo guidelines.  We have all seen the number of FHA approved condo complexes dwindle in the past couple of years and it appears that the powers that be at FHA have taken notice. 

These changes should loosen up the condo market by providing a financing option for complexes that might otherwise not be eligible for standard financing.

 

Contact me for the complete article or if you have any questions on how this might affect your real estate.

Posted on October 3, 2012 at 11:55 am
Nate Thornton | Category: Uncategorized

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