How can I know if a townhouse is FHA approva? I'm only approved with FHA and before I start doing paperwork I want to make sure FHA will approve

Clara
Home Buyer
Norwood, MA

this townhouse because they don't pay association fee but they share the water and insurance 50% each. Also, there are only 2 units and one of the unit is rented, not owner occupied, please advice

Answers (2)
Ken Lambert
Mortgage Broker
or Lender

Portsmouth, NH

Hi Clara- I think we may have spoken before. Feel free to call or email me.
Its best if I can get the actual address. I can look up the place, and best case scenario it is already on the approved list. Most likely it is not.
FHA is changing all its condo approval guidelines soon- early December. So this whole thing is in a state of flux. I can dig into it a little if you can give me more information. Thanks and good luck,

Ken L.

Mon Oct 26 2009, 08:35
Patrick Thies
Agent
Elmhurst, IL
FIRST ANSWER

There are two ways to find out if a townhouse is FHA approved. You can contact the Home Owners Association if you know who it is. It will be in their by laws. Another way is to check with your lender. They usually have a list of FHA approved properties.

Sat Oct 24 2009, 19:54

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