I know for sure the Dorchester is approved. I will check with my mortgage broker who has an updated list since the recent changes in FHA condo policy. I've heard that they may be easing up on the owner occupancy ratios due to all the recent foreclosed units. In Philly, I know of several condominium developments now entirely in bankruptcy, others being auctioned off, etc..
I hope the FHA does something to allow homebuyers to take advantage of the highly discounted deals that are coming available at 38 N. Front St., 257 N. 2nd St., The Murano, etc..
If you'd like to contact me anytime after Monday afternooon, I'll have an updated list that I can send you via e-mail or telephone. I look forward to hearing from you.
All the best,
REALTOR & Property Manager
Your Real Estate Resource For Life
CELL (267) 254-7994
If the condo is not on this website, there is a process to get approved. (Often needed for smaller Condo associations.) I have the questionnaire to fill out along with the document checklist. There are differences between existing, new construction, and conversions.
The occupancy % has been temporary lowered for FHA:
New Construction/Conversions- 30% owner occupied
Existing Buildings- 50% owner occupied
I give everyone personal attention; just call me at 215 266 7227 and let's see how i can help.
Great time to buy! I'm negotiating $8000 credit now that Federal tax credit is over.
It looks like the dirct link that has been provided before does not work. Go to: http://www.hud.gov/assist/siteindex.cfm and then select "Condos, Approved List" link. It will take you to https://entp.hud.gov/idapp/html/condlook.cfm
If you would like for me to run you a search on this for a certain price range, please let me know. Most times the listing agents will put in the MLS if FHA financing is an option.
Amanda J Saunders
Prudential Fox and Roach