FHA temporarily eases guidance on condo approvals

The FHA condo approval list is the only official list released by HUD.. It is updated once a day, so there is a 24-hour lag for condos that become FHA Approved, and when they appear on the list.Because of this, make sure to check back daily to see any updates made by HUD to the FHA Condominium Approval list.

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Compliance research provided by Bankers Advisory is general technical guidance for informational purposes, not legal advice. November 13, 2015 . fha adds temporary approval provisions for FHA Condominiums . By Anna DeSimone . November 13, 2015 hud issued ML 2015- 27: additional temporary Approval Provisions for Federal Housing

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FHA loan rules for condo mortgages include an approval requirement–any condo eligible for an FHA insured mortgage must be on the official list of FHA-approved condo projects. Some readers want to know if there is a list of the FHA requirements that a condo project needs to comply with in order to be included on or added to the FHA-approved list.

FHA EASES CONDOMINIUM PROJECT APPROVAL REQUIREMENTS. Temporary guidelines will increase number of condominium projects eligible for FHA approval WASHINGTON – The Federal Housing Administration (FHA) today published new guidelines under its condominium approval process intended to increase affordable housing options for first-time and low- to.

The Federal Housing Administration will allow borrowers to provide a written explanation of some. FHA eases new rule on collections accounts.. FHA temporarily eases guidance on condo approvals.

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FHA Adds Additional Temporary Guidelines For Condos. The FHA and HUD eased certain condo guidelines earlier this year, and have since added a second round of temporarily eased "approval provisions" for condo projects to be added to the FHA approved list for single family home loans.

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"It is anticipated that the issuance of these additional temporary provisions will increase the pool of condominium projects eligible for FHA approval, thus increasing affordable housing options for first-time and low to moderate income homebuyers," FHA stated in the mortgagee letter.

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