Financial Fitness

October 24th, 2011 12:55 PM
FHA has changed their process for approving condo
developments for their financing. Even if a project was previously approved for
FHA, they now have to qualify again before any units can be financed. It is
very difficult to get that approval now and many owners are finding it very difficult
to sell because of this. If you are buying or selling, it’s a good idea to look
into this before you move ahead. FNMA is also following the same plan, so the
market for financing is getting much smaller for condos. Be careful!
Posted by Cary Brooks on October 24th, 2011 12:55 PMPost a Comment (1)

Subscribe to this blog
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Cary Brooks CA DRE #00405449 NMLS# 230239 

 


Mortgage Express
Phone:

Contact Us | Testimonials | About Me | New Loan Process | Home | App. Checklist | Apply for a Loan | The Refinance Process | When to get Qualified | Loan Application Info | What is a credit score? | Mortgage Calculators | Today's Rates | Should I Lock Today? | Our Blog

Copyright © 2012 Mortgage Express
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of Use| Site Map