FHA Single Unit Condo Approvals Are Now An Option

In the Reverse Mortgage minute video blog today, I compare the differences between getting the entire condo complex approved to the new SUA process.

HUD recently mad changes to the FHA condo approval process by allowing

FHA loan on condos in non-FHA approved condominium complexes. In order to

do these loans, the lender must get something called a “Single Unit Approval”.

There is a process to this and while it is not as difficult as getting the entire complex

approved, there are still a number of hoops we have to jump through.

In the Reverse Mortgage minute video blog today, I compare the differences between

getting the entire condo complex approved to the new SUA process.

Please feel free to contact me with any question on my cell at 303-513-2748 or

e-mail me at bruce@almortgageinc.com

Bruce Simmons

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

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