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FHA Condominium acceptance

Financing a condominium using FHA financing can be difficult at times. FHA and other condominium financing programs will require the condo will be less than four floors high and they must have more than 50% of the units occupied by their owners. The loan must be less than the FHA limit. If this describes your situation, you will find more information under the FHA Loans section.

However, if the condominium does not these standard criteria, we have several programs which will help. Programs are available for high rise condos and for condominiums whose owner occupancy ratios are below 50%. These are commonly called "non-warrantable" condos. Rates are generally 1/4 percent above the current market but we can almost always get your loan done.

I have included a page on documentation requirements. I also have a Free report "Buying your First Home" available by email. There is also a well written article on condominiums as an investment available.

Read more about FHA Condominium Closing Costs

Be sure to visit the Mortgage Library.

I have included a page on how to calculate your qualification ratios.

I have included a page on documentation requirements.

Learn more about improving your credit scores

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your consumer and mortgage debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

FHA Condominium FinancingPrequalify for your FHA Condominium Financing.
 

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