One Click Below Will Tell You If A Condo Building is FHA Approved
….Yeah, that Link would be in the middle of this article. I think having a building FHA approved is a huge help to buyers who are eyeing your building/thinking about a purchase. It makes a Philly condo building open to more options in terms of buyers financing a purchase within the building. All Good.
In the old days, FHA could approve the buildings on the spot with a quick check of some facts about the composition of the building and the condo association. No longer. A full FHA approval process must be put in place in order for an FHA loan to be used to purchase inside a particular condo building. Here is the Link- Just add the zip code of the building in question and a list of FHA approved buildings in that Zip Code will magically appear:
https://entp.hud.gov/idapp/html/condo1.cfm
Wanna’ know more about FHA purchases here in Center City Philly? Drop me an email… mark@centercity.com or call me… 267.237.3404.
Mark Wade
www.CenterCityCondos.com
Prudential Fox and Roach REALTORS®
530 Walnut St., Suite 260 Philadelphia, PA 19106
