Comments on: You Condo Needs to be FHA Approved http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/ Mon, 20 Jun 2011 00:09:25 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Owen Bell http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3750 Owen Bell Mon, 24 May 2010 05:36:50 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3750 it is convenient to live in a Condominium if you are in a big city but i like big lawns and backyard gardens.-*' it is convenient to live in a Condominium if you are in a big city but i like big lawns and backyard gardens.-*’

]]> By: Steve Stenger http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3407 Steve Stenger Wed, 04 Nov 2009 16:01:50 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3407 Hi Tufail, FHA will not consider a 2-unit condo until their new guidelines take effect on 12/7. I would love to talk to you about working together to obtain FHA approval for your condo. You can contact me at steve@condo-approval.com. Also, visit our website, www.condo-approval.com, for more information about us and the services we provide. Hi Tufail,

FHA will not consider a 2-unit condo until their new guidelines take effect on 12/7. I would love to talk to you about working together to obtain FHA approval for your condo. You can contact me at steve@condo-approval.com. Also, visit our website, http://www.condo-approval.com, for more information about us and the services we provide.

]]> By: Steve Stenger http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3406 Steve Stenger Wed, 04 Nov 2009 14:06:32 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3406 When the new FHA condo guidelines take effect on 12/7 they will begin to accept 2 and 3 unit condo projects. Unfortunately, the project will need to be submitted to FHA for their review and acceptance. I would be happy to discuss with you how we can get your condo approved. I have over 15 years of national condo project approval experience. You can reach me at steve@condo-approval.com. Visit my website www.condo-approval.com for more information. When the new FHA condo guidelines take effect on 12/7 they will begin to accept 2 and 3 unit condo projects. Unfortunately, the project will need to be submitted to FHA for their review and acceptance. I would be happy to discuss with you how we can get your condo approved. I have over 15 years of national condo project approval experience. You can reach me at steve@condo-approval.com. Visit my website http://www.condo-approval.com for more information.

]]> By: Jae McPherson http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3405 Jae McPherson Wed, 04 Nov 2009 13:21:23 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3405 Good morning, Tufail- Right now, HUD does not allow a 2 or 3 unit buildings to obtain FHA condo approval. There are new guideline changes in mortgagee letter 09-19 which indicate that 2 and 3 unit buildings will become eligible as of October 1, 2009 yet that has been delayed to November 2, 2009 and yet again to December 7, 2009. I just finished getting a project approved in D.C. a couple of weeks ago so when the time comes, I'd be happy to walk you through our process and save you the time consuming process. Good morning, Tufail-

Right now, HUD does not allow a 2 or 3 unit buildings to obtain FHA condo approval. There are new guideline changes in mortgagee letter 09-19 which indicate that 2 and 3 unit buildings will become eligible as of October 1, 2009 yet that has been delayed to November 2, 2009 and yet again to December 7, 2009. I just finished getting a project approved in D.C. a couple of weeks ago so when the time comes, I’d be happy to walk you through our process and save you the time consuming process.

]]> By: Tufail Mirza http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3401 Tufail Mirza Sat, 31 Oct 2009 21:39:15 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3401 I built a brand new 2 unit condo buiding for sale in washingto DC, Is there any way I get FHA financing without going thru the approval process which is lengthy and time consuming? THANKS I built a brand new 2 unit condo buiding for sale in washingto DC, Is there any way I get FHA financing without going thru the approval process which is lengthy and time consuming?
THANKS

]]> By: Steve Stenger http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3386 Steve Stenger Tue, 27 Oct 2009 02:03:28 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3386 Our consulting company, Condo Approval Professionals LLC, has over 15 years of national project approval experience. We can help you with your project approval needs. Visit us on the web at www.condo-approval.com for more information. Our consulting company, Condo Approval Professionals LLC, has over 15 years of national project approval experience. We can help you with your project approval needs. Visit us on the web at http://www.condo-approval.com for more information.

]]> By: Jae McPherson http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3076 Jae McPherson Wed, 06 May 2009 00:40:58 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3076 I have a consulting company based in Chicago designated specifically for FHA/VA condominium approval. My success rate is at 100% and I see that some of the information listed above as far as the 90% presale requirement can be updated. The presale requirment is 51% for new, existing and conversions. I know that Chapter 11 states 90% yet the technical underwriter has the discretion to reduce it to 51% which has been the case for ALL of my approvals. Feel free to visit my site, www.jaemac.com and ask any question relating to FHA/VA approval on the Contact Us page. The approved developments page is just a snap shot of what I have done, I have about 20 more projects to add from this year alone. I have a consulting company based in Chicago designated specifically for FHA/VA condominium approval. My success rate is at 100% and I see that some of the information listed above as far as the 90% presale requirement can be updated. The presale requirment is 51% for new, existing and conversions. I know that Chapter 11 states 90% yet the technical underwriter has the discretion to reduce it to 51% which has been the case for ALL of my approvals. Feel free to visit my site, http://www.jaemac.com and ask any question relating to FHA/VA approval on the Contact Us page. The approved developments page is just a snap shot of what I have done, I have about 20 more projects to add from this year alone.

]]> By: Evan http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-3069 Evan Thu, 30 Apr 2009 01:07:44 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-3069 FHA is no good. For low-income ares that need it, it would be suitable. But if the complex is nice or plans on being nice, FHA is a bad route to take. If the candidates can't quality for a regular mortgage, good luck collecting HOA dues cause FHA has a very high level of default. FHA is no good. For low-income ares that need it, it would be suitable.

But if the complex is nice or plans on being nice, FHA is a bad route to take. If the candidates can’t quality for a regular mortgage, good luck collecting HOA dues cause FHA has a very high level of default.

]]> By: FHA Financing for your Scottsdale Condo - Can it be done? http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-2860 FHA Financing for your Scottsdale Condo - Can it be done? Thu, 15 Jan 2009 13:29:36 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-2860 [...] a few more details on the approval criteria, you can read Your Condo Needs to be FHA Approved or FHA Spot Approvals. addthis_url = [...] [...] a few more details on the approval criteria, you can read Your Condo Needs to be FHA Approved or FHA Spot Approvals. addthis_url = [...]

]]> By: Ani http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/comment-page-1/#comment-2691 Ani Thu, 30 Oct 2008 23:36:32 +0000 http://www.azmortgageguru.com/you-condo-needs-to-be-fha-approved/#comment-2691 I have a property address that I'd like to know if it's FHA approved. Can you help me with that plz? I have a property address that I’d like to know if it’s FHA approved. Can you help me with that plz?

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