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National Designation Program
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.
Find the Latest and most helpful FHA and VA Financing Links to learn all about condo financing!
Also, check out our link below for Freddie Mac condo updates each year!
For Real Estate Agents, get all the details on how to put together a great FHA or VA loan for your buyers!
Or if you are a buyer or seller, see if your condo listing is FHA or VA approved:
FHA-Approved Condo Look-up List
VA-Approved Condo Look-up List:
Learn All About FHA Loans and use the convenient FHA Checklists provided at:
https://www.fha.com/fha_requirements_checklist
https://fhaprosllc.net/services/fha-va-approval/
HUD Real Estate Broker and Agent Information Center
Buying a Home or Condo
View all FHA Mortgagee Letters on-line
HUD Training Videos and MultiMedia
Courtesy of FHA, HUD.
OTHER CONDO FINANCING WEBSITES:
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)