Home Buying in Pomona>Question Details

Ben Teal, Home Buyer in Dallas, TX

Are these communities FHA Approved?

Asked by Ben Teal, Dallas, TX Mon Nov 22, 2010

Hi, does anyone know if the following communities are FHA approved? Have you had any experience with any of them in the past? Thanks.

http://www.trulia.com/property/3032378306-3571-Legato-Ct-Pom…
http://www.trulia.com/property/3027505161-3-Town-And-Country…
http://www.trulia.com/property/3033453154-101-Mission-322-Po…
http://www.trulia.com/property/1039487882-1602-Byron-Ct-Pomo…
http://www.trulia.com/property/3004049202-2410-N-Towne-Ave-2…

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Answers

3
The Listing Agent for the one on Towne and Country said that the Seller believes it is but they're double-checking.
0 votes Thank Flag Link Tue Nov 23, 2010
Mr. Teal:

You can search for FHA-Approved condo projects here: https://entp.hud.gov/idapp/html/condlook.cfm

However:
As of 12/7/10, all condo projects FHA-approved PRIOR to 10/1/08 will EXPIRE. If you plan on using FHA financing your loan broker can order a "FHA case number" on any of currently approved projects prior to 12/7 and still close after the 12/7 expiration date (provided the project review required on each individual loan transaction is clean). All expired projects will have 6 months to get recertified, but no case numbers will be issued until they are. If the project fails to get recertified within the 6 month period, a full new approval package must be sent to HUD.

Condo projects approved PRIOR to 1/1/00 cannot be recertified and a full package project approval must be submitted to HUD as if they had never been approved. This process may take 8 weeks or longer depending on the volume of new project packages HUD receives.

Condo projects approved AFTER 10/1/08 will expire upon the 2 year anniversary of their last approval or last recertification.

Best, Steve
0 votes Thank Flag Link Tue Nov 23, 2010
Don't specifically state but I've emailed the Listing Agent:
3571 Legato CT , Pomona 91766
3 Town And Country RD # 213, Pomona 91766
101 W MISSION # 322, Pomona 91766

Pending but it seems to be okay to go FHA:
1602 BYRON CT , Pomona 91768

Not finding in the MLS but emailed the Listing Agent for more information:
2410 N. Towne Ave., Unit 23, Pomona, CA

I'm sorry that I couldn't give you more information. Typically, if you're working with a Lender, they'll be able to tell you if the Complex has FHA Approval or not. Sometimes the Listing Agent knows in advance and sometimes they don't. But the more research you do, the better. With most HOA's, your biggest concern is their financials. You want to make sure that you're buying into a healthy community. That information isn't usually available until you've already opened escrow (because they have to order that paperwork). If you're working with a good REALTOR, they'll make sure to cover you during that time period when you're waiting for the paperwork so that if you find anything that looks funny, you can back out without any repercussions. Let me know should you have any further questions.
0 votes Thank Flag Link Mon Nov 22, 2010
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