FHA Approves Many New Florida Condos For 98% Financing In 2010

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You’re browsing for FHA approved condos in 00000 Florida We’ve searched the hud.gov fha approved database for every zip code in this state. The information below is current as of June 24th 2010

If you want to buy a condo using an FHA loan, the condo must meet these requirements and be included on the FHA Condominium Approval List. For New Many florida fha 98% In Financing 2010 Condos. – FHA Approved Condos in Florida (FL) – Find all the current FHA / HUD approved condominiums in Florida (FL).

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It is an astounding fact that there are only 325 fha approved condominium projects in Florida, out of an estimated 25,000. As the sunshine state, Florida built condo projects so quickly in the 1990’s and early 2000’s that it became a running joke that the state bird should be changed to the crane.

States Where Homes Sell in Less Than a Month Mortgage Masters Group At the current pace of deals, it would take 19.9 months to sell them all, the slowest rate in four years. “There’s more trepidation than. for mortgage interest and state and local levies, said.

Sales for existing condominiums priced. only 12 are approved for Federal Housing Administration loans, down from 29 last year, according to Florida Department of Business and Professional.

List of FHA approved condos in FLORIDA. Condominium Name Street Address Expiry Date FHA% 1951 MARKET STREET CONDOMINIUM

In 2010, a condo complex didn’t even need to be FHA approved to buy a unit there. The lender would request what was called a "spot approval," which was a short questionnaire. The condo management would answer a few simple questions such as how many units were rented, and if anyone owned more than 10 percent of the project.

NEW YORK (CNNMoney. to-income requirement for approval. Earlier this year, that requirement was lifted. This program is for borrowers with loans that are not backed by Fannie Mae or Freddie Mac or.

A condo MUST be in an approved project-and the approval list is short! If you are interested in purchasing a condominium, you may find that your ability to get an FHA loan is extremely limited. In order for the FHA to make a loan in a condominium project, the project itself must first be approved by the FHA.