FHA Spot Approval for Condos Expires After Feb. 1, 2010
Meeting Federal Housing Administration (FHA) requirements is important for your condominium association because doing so dramatically increases your condominiums' marketability. An increasing number of first-time homebuyers are pursuing FHA-insured mortgages for purchasing condominium units. And for communities that meet FHA requirements and obtain approval, these potential buyers can get loans that require down payments of only 3.5 percent and qualify for loans under less burdensome terms.
The resource you requested is available only to current members.
Please log in or start your membership account.
Member Log In
Trouble Logging In?
Reset your password. Or contact us.
Need to Renew Your Membership?
If your membership has expired and you wish to renew, visit the Membership Renewal Page.
Sign up for your free trial membership and access this resource now.
Community Association Management Insider helps community association managers keep their co-ops, condominiums, and homeowner’s associations running effectively and within budget — and all in the bounds of state, local, and federal law, as well as their governing documents.
Click here for quick FREE trial sign-up.
As a member, you get:
- Model tools, such as letters to members, bylaws, and contractor agreements
- Step-by-step management techniques
- Updates on new laws and court cases that impact you
- Easy-to-implement solutions to managers' thorniest challenges.
Community Association Management Insider will show you how to:
- Avoid liability and get indemnity
- Effectively and economically manage maintenance and repairs
- Get better deals from contractors
- Get the right insurance coverage
- And much, much more
Sign up for your free trial membership and access this resource now »