Tag: FHA Approved Condos
FHA Revised Condo Guidelines – October 2019
FHA looks to make a comeback in the condo loan market by easing some of its guidelines.
Condos Becoming Elusive for FHA Buyers
The effect of FHA’s 2010 condo approval and recertification changes are leaving condo buyers with fewer options as associations overlook or neglect FHA certification.
Congress Reinstate Higher FHA Loan Limits
On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…
Search for FHA Approved Condos
We’ve enhanced our online home search – you can now search specifically for FHA Approved condos in the Seattle area.
HOA Foreclosure and the FHA Squeeze
Linkage: Condo HOA’s foreclosure option for delinquent owners; FHA changes create resale challenges for condo sellers.
FHA Condo Approvals Set to Expire Soon
Time is running out for FHA condo recertification of hundreds of Seattle area condos. If your building was approved for FHA prior to October 2008, it must be recertified to keep its approval status.
Seattle condos gain FHA approval
FHA condo approvals are on the rise. Over 60 Seattle condos gained approval this year alone…so far.
Ruby Condos – Eastlake
The Ruby, Seattle’s newest condominium located in Eastlake, is celebrating completion of its 52 one-bedroom homes with a Grand Opening scheduled for the weekend of February 7th & 8th.
Newly constructed FHA approved condos
A number of new condo developments have obtained FHA approval. With FHA approval, buyers can more easily obtain FHA financing for their purchase which provides a low down payment option, more lenient guidelines and higher financial ratios.
