Financing in Bronx>Question Details

Brooklynlili…, Home Buyer in Brooklyn, NY

Are there any FHA approved condos in the Bronx? Endless Googling isn't yielding any results. Thanks in advance.

Asked by Brooklynlilies, Brooklyn, NY Fri Jan 8, 2010

Looking to buy on $54K income with good credit but have little cash for a down payment.

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The best way to find out if a project is approved is checking here:

https://entp.hud.gov/idapp/html/condlook.cfm

When you plug in that search, follow these instructions:

1.) Choose "Pre HRAP/DELRAP" (2nd option)
2.) Leave sorting by "Condo Name
3.) Choose your state
4.) LEAVE BLANK!!!! The way HUD saves the names is often spelled just slightly different
5.) Plug in City
6.) Plug in Zip if you know what Zip you want.
7.) Change status to "All". This is because you want to see the "pending" projects too.

After that, hit "Send" and search through the list by name.
1 vote Thank Flag Link Fri Jan 8, 2010
Dear Brooklynlilies,

There are quite a few buildings in the Bronx that are FHA approved including Parkchester. The board in Parkchester is flexible and not as strict as most boards in the City. Your income limit is within the range of the Board's income ratio depending on the number of bedroom you are looking to purchase.

I would be happy to discuss some options available to you. Good luck.

Nirmala Caraballo
Licensed Real Estate Agent
Cruse Realty
1408 White Plains Road
Bronx, NY 10462
Tel.: 646-479-7873
Email: nhcaraballo@yahoo.com
0 votes Thank Flag Link Sun Jan 10, 2010
Yes, there are a variety of condos in the Bronx, Parkchester has a whole lot of them and I also have a 3 bedroom duplex with low low monthly fees that is FHA approved in the Bronx. Consult with your mortgage broker and see what you qualify for? I just closed on a 1 bedroom condo in Parkchester which was an FHA Loan.

Mildred Valentin, Realtor
Exit Realty Van Zandt
1314 Blondell Avenue
Bronx NY 10461
(O) 718-931-9300
(C) 646-957-4648
0 votes Thank Flag Link Sun Jan 10, 2010
Hi Brooklynlili,

I know of one condo that is currently active on the market that is FHA approved and can close fast. It is located at 656-B E 232 St #3, Bronx, NY 10466. MLS# 2835754. The price is $279,000. It has 3 bedrooms and 2 baths. It was built in 2008.

Good luck in your search.

Robin Lynch
Keller Williams Realty Group
Scarsdale, NY 10583
914-315-6182
0 votes Thank Flag Link Fri Jan 8, 2010
Sure, we have a database of approved Condos that I can look up for you. I can be reached at michael.r.byrne@chase.com or naitch6203@yahoo.com or at 908 531 6170 after 1 pm today.
0 votes Thank Flag Link Fri Jan 8, 2010
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