(USDA) Condo Approval: When financing a condo using USDA, do you have to do a full review or is a limited review OK?
Answer: USDA condominiums only need to meet the requirements of either FHA, VA, Fannie or Freddie in order to qualify! USDA is easy on this subject. They simply require that the condominium project meet the requirements set forth by HUD/FHA, VA, Fannie Mae or Freddie Mac. The regulations specifically state the following and we have [...]