The New FHA Loan Condo Approval 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. On the show today, Bruce will tell you what that process is.