Assistance with
FHA Certification
"As of Febuary 1, 2010 an entire condominium development must apply to HUD and be granted FHA approval before a buyer can purchase a unit in an association with an FHA loan or before an existing unit owner can refinance into an FHA loan."
FHA Certification
We can help with FHA Certification whether it's a new application or a renewal of the requirements.
What does that mean to you?
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Currently 40% of all new loans are FHA Insured
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Reverse Mortgages Now Require Associations to be FHA Approved
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Fannie Mae & Freddie Mac will accept FHA Approval for Condo loans
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Recently Approved Mortgage deal provides FHA with an additional $1 billion in Cash for FHA insurance.
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FHA Approved Condos for sale attract a larger buyer pool
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Lower down payment and FICO score requirements for potential buyers of an FHA Approved Condo
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FHA loans are assumable, meaning they can be transferred from one buyer to another
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FHA Approval now indicates a Financially Healthy Association to all mortgage lenders
For more information Contact Westford
