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. . . for Success!

Certified Condominium Specialist
More knowledge ... More experience!
Certified Condominium Specialist®
National Designation Program
ccs home study course orlive ccs course
 

 

 

 

Have FHA Questions?

 

For FHA technical support, please search the FHA Frequently asked questions site, or contact by telephone toll-free between 8:00 a.m. & 8:00 p.m. ET at: (800) CALLFHA or (800) 225-5342.

 

 

New and More Helpful FHA Links to learn all about condo financing:

 

See if your condo listing is FHA or VA approved:

 

FHA-Approved Condo Look-up List 

 

VA-Approved Condo Look-up List:

 

https://fhaprosllc.net/services/fha-va-approval/

 

https://fhaprosllc.net/

 

HUD Real Estate Broker and Agent Information Center

Buying a Home or Condo

 

FHA Mortgage Limits

 

Guidance for Homeowners 

 

Avoiding Foreclosure

 

Making Home Affordable

 

View all FHA Mortgagee Letters on-line

 

FHA Archives

 

HUD Press Room

 

HUD Official Blog

 

HUD Training Videos and MultiMedia

 

HUD Online Library

 

Courtesy of FHA, HUD.

 


What is Condominium Mortgage Insurance?


Section 203 (b) of the National Housing Act provides authority to insure any mortgage covering a one-family unit in a project coupled with an undivided interest in the common areas and facilities which serve the project. 


Eligible projects are those that have been declared and exist in full compliance with applicable state law requirements of the jurisdiction in which the condominium project is located, including good standing with the state, and with all other applicable laws and regulations.


FHA insures condominium single unit loans for up to 30-year terms to purchase or refinance a unit in an FHA-approved condominium project.  The condominium project must be primarily residential, contain at least two dwelling units and can be detached, semi-detached, a row house, a walk-up, mid-rise, high-rise, including those with or without an elevator, or manufactured housing. 
(Source: www.HUD.GOV)