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Home – Dawn Miller – Key Property Services Of Michigan, Inc. – Key Property Services Of Michigan, Inc.: Providing Condominium & homeowner association management and Real Estate Services in Oakland County, Michigan, Macomb County, Michigan and St. Clair County, Michigan. As an added feature we do Condominium Association FHA Approval.
A press release issued by the FHA/HUD announced hud charges levied against a Florida homeowner’s association for policies which are allegedly in violation of federal fair housing laws.
FHA relaxes condo rules for low down-payment mortgages – 13 and took effect immediately, should make it easier for large numbers of condo associations to seek certification by FHA. The certification process is intended to. physical and financial status..
Pros, Cons and Misconceptions of FHA Condo Approval 2019 – FHA Condo Approval dramatically increases the pool of potential buyers. First and Foremost, FHA Condo Approval opens up a sea of buyers. Statistics show that approximately 60% of new homebuyers intend to use an FHA Loan.
FHA Pros. We help Get Your Condo FHA Approved. – Why Does Your Condominium Association Need FHA/VA Approval? 25% of all new mortgages are FHA; For a senior to obtain a reverse mortgage, the association must be FHA approved. Having FHA/VA approval leads other lenders to make non FHA/VA loans in the community. Lower down payments are allowed with FHA/VA loans.
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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.
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