Before buying of selling a townhouse or condo, it's important to know what type of financing works for the property.
A condominium project must be approved before applications for FHA mortgage insurance can be processed for individual units. We encourage you to visit HUD.gov and ensure that the condo and/or condo association IS FHA approved. This process takes just a minute or two of your time.
It will help save the buyer and seller’s agent time and disappointment and there will be one less thing for the lender to find out in underwriting that could cause problems with a sale.
The Condominiums page at HUD.gov allows users to search for FHA-approved condominium projects (which can include homes that are called townhouses) by location, name, or status. These properties are not for sale by the FHA. The search can be configured to find specific types of projects through the use of the pull-down menus and entry fields.
