[Updated Checklist, FHA Condo Approval Basic Requirements Checklist – Updated 10-26-16] AND [Updated Chart, Condo Eligibility Quick Comparison Reference Chart – FHA/VA/USDA/Fannie/Freddie – Updated 10-26-2016] Rule Synopsis: FHA lowers owner occupancy percentages for condo financing. However, the HOA must apply for the exception before they get an FHA loan! Effective immediately for all condominium project approval applications, recertification applications, […]

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