To answer your question, you are not limited to buildings with high condo fees. You can actually perform a FHA Spot Check up until Feb 1, 2010, this was extended last Thursday, on an FHA Conference call from the previous deadline of December 7, 2009. What this is, is a simple condo q that you have filled out by the sellers agent or someone in the Homeowners Association, with in 5 minutes, I can let you know if you will be able to finance the condo through FHA. You can look at all projects with 4 or more units. Please feel free to contact me with any questions, I will be more than happy to assist you throughout this process or answer any other questions you may have, enjoy your evening, thanks.


Brady S Spangler
Mortgage Consultant
A & N Mortgage Services, Inc
1945 N Elston Ave
Chicago, IL 60642
P - 773-305-LOAN ext. 117
D - 773-305-7033
C - 312-450-5818
F - 312-277-2819 http://www.aandnmortgage.com

Sue,

Guidelines on FHA financing are changing, but not until December 7th. Even so, there are certain things that could hold up financing on a condo whether you're looking for FHA financing or not. Take a little bit of time and read the "Everything you need to know about Condo Financing" on my blog, or give me a call at the number below.

Thanks,

Matt Bukovy
Sr. Mortgage Consultant
Wintrust Mortgage
3317 W. Irving Park Rd.
Chicago, IL 60618
Cell 773-416-7107
Phone 773-654-2498
eFax 773-409-5558

Bradley Eggers has been doing FHA for many years @ Ardain Mort 847-744-0168c I do not believe you are correct about 2+ unit buildings. FHA has a list of approved buildings, but it is always incomplete and this is not the way to go about a search. You need to start with a search based on the criteria you are interested in for that condo and then see which of those units are in FHA approved buildings or if not 'approved' would qualify for what they call 'spot' approval. There is no list for such buildings. You need to make a phone call and ask a few questions. That is what we agents do. Check my web site to see how I help buyers.

philip

Call Ryan Mecum at Wintrust Mortgage. He does a lot deals for my FHA clients. His cell is 312-933-9778

Have you tried going under the find a pro feature of trulia? They have the ability to look up mortgage professionals in your local area.

Interview a few and go from there.


Sean Dawes