This Condo is FHA-Approved (Or Not…)
December 9, 2009 by Kristin LaVanway · 2 Comments
The FHA is getting ready to update its guidelines for borrowing on condos, townhomes and patio homes. Starting in February 2010, “FHA approved” will mean 3.5% down plus a financially stable association approved by your lender. This is huge and is a big reason for the associations who manage these communities to get their acts together.
Visit these links for more information:
To see if a condo project is FHA-approved: https://entp.hud.gov/idapp/html/condlook.cfm
For more information on buying a condo: http://www.myfha.net/FHAcondo/
![[Facebook]](http://hereinphoenix.com/wp-content/plugins/bookmarkify/facebook.png)
![[StumbleUpon]](http://hereinphoenix.com/wp-content/plugins/bookmarkify/stumbleupon.png)
![[Twitter]](http://hereinphoenix.com/wp-content/plugins/bookmarkify/twitter.png)
I am a Realtor in Gilbert, AZ, working with clients throughout the Phoenix Metro area. I am lucky to love what I do and appreciate the difference I can make in people's lives.
In a previous life, I was a rocket scientist - really! - but decided to step away from corporate America to be a Mom to my four boys. Found it hard to do bake sales, so I ran a small independent programming business instead.
Flash forward...I am now a single mom and I face many, many challenges everyday. I am living through the hardships that many are facing in this economy. These experiences have motivated me to help other people in my shoes.
I have recently been certified as a distressed property expert (CDPE) to allow me to better serve those who may be struggling with their finances and may be looking at a possible foreclosure. My goal is to help these folks evaluate all their options and choose the best course of action.
What was so funny off camera?
My house was like a 3-ring circus yesterday. I had to start over and over after telling everyone to be quiet. While I was doing this take that I was determine would be my last, I spotted a small herd of boys sneaking oh so quietly down the hallway…it just cracked me up!