Which condo is fha approved

Condominium project approvals will expire two years from the date of placement on the FHA-approved condo list. Every two years the project needs to be re-certified to confirm that it is still in compliance with HUD requirements.

The recertification process can start six months prior to the expiration date until six months after the expiration date. If this is not concluded in this time frame, a complete re-approval must be done. Recertification packages may be submitted by the mortgagee staff authorized by mortgagee , builder, developer, homeowners association, management company or an attorney or project consultant who submits on behalf of one of the other referenced parties.

Applications received directly from borrowers, homeowners, sellers or real estate agents generally will not be processed and will be returned to the submitter; but HUD may determine, on a case-by-case basis, that alternative sources of submission may be allowed. This browser is no longer supported. Please switch to a supported browser or download one of our Mobile Apps.

See Mobile Apps. Rent vs. Menu subnav-close Search subnav-close. For project approval or recertification, eligible projects must be complete and exist in full compliance with applicable state law requirements including good standing with the state, and with all other applicable laws and regulations. To be eligible for Single-Unit Approval, the unit must be located in a project that is not FHA-approved, that is complete and ready for occupancy, has at least five dwelling units and it is not a manufactured home.

The project must also meet a subset of the requirements set forth for project approval, including FHA insurance concentration, owner-occupancy percentage, and financial condition of the project. Skip to main content. Office of Hospital Facilities Why Choose ? Overview of Lean Why Choose ?

Condominium Mortgage Insurance.