Navigating FHA Approval: A Guide for First-Time Condo Buyers
Introduction: Buying your first home is an exciting milestone, but it can also be overwhelming, especially when it comes to understanding complex terms like FHA approval for condominiums. In this guide, we'll break down what FHA approval means for condo buyers and provide step-by-step instructions
Read MoreHow to look up if a Condominium is FHA approved!
Hud.gov allows users to search for FHA-approved Condominiums. According to Hud.gov: "The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal." FHA Loans allow borrowers with at least a 580 FICO score to put down as low as 3.5%.
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