So with the crackdown in the mortgage market, FHA has become the dominant player is mortgages as of late. That’s all fine and dandy for single family homes, but it poses a problem for condominiums. The Departmend of House and Urban Development (HUD) requires condominiums to be “approved” before you can finance a condo/loft using FHA. The [...]
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It’s with great pleasure I get to bring you this news, the Pointe of Saint Paul, has been fully approved for FHA financing by the Department of Housing and Urban Development (HUD)! This has been a long project of nearly 6 months, but worth every ounce of effort that went into it. What does this mean [...] The House and Senate both passed legislation that will help the mortgage market and FHA. The president is expected to sign this into law. Here are the bullet points courtesy of the National Association of Realtors: GSE Reform ? including a strong independent regulator, and permanent conforming loan limits up to the greater of $417,000 or [...] |
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