Keller Williams Greater Seattle, Ben Kakimoto, Seattle Condo Agent

Search for FHA Approved Condos

By on July 23, 2011 in Feature, Home Buying, Real Estate with 0 Comments

We’re happy to announce a new search feature that was suggested by one of our readers. We’re now the first Seattle area online home search site that’ll allow you to search specifically for FHA Approved condos.

Unlike single family homes and townhomes where most properties will qualify for FHA financing, the number of available FHA eligible condos in Seattle are far more limited. Overall, there’s only about 350 condominiums in Seattle that are FHA approved, a relatively small percentage.

A couple of years ago FHA eliminated the spot approval process meaning if you’re looking for FHA condos, you’ll need to locate a building that’s already approved. With our FHA search filter, it’s never been easy to search for available FHA approved Seattle condos for sale.

To search for FHA approved properties, click on the Features option under the Search tab.

Then, check the FHA Approved box.

>> Search for FHA approved Seattle condos

 

Note, the FHA listing status is reliant on the listing agent. Recent changes to FHA now require condos to re-certify every 2-years, therefore, a building may lose its FHA status during the listing period. Buyers and their lenders should verify the FHA approval status with HUD.

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About the Author

About the Author: Ben Kakimoto is a Seattle condo and urban real estate marketing & listing specialist. Contact Ben to learn more about the Seattle condo and loft real estate market or about buying or selling a Seattle area condo. Find Ben on Google+, Twitter and Facebook. .

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