How can i find out if a property is FHA approved? I have been pre-approved but i am having trouble finding the right property?

Abd
Home Buyer
Boston, MA

Answers (5)
Urban Communiti...
Agent
02125

You can look search FHA approved projects in hud.gov

Olmsted Green was just FHA approved last week.

Mon Nov 16 2009, 10:46
Ken Lambert
Mortgage Broker
or Lender

Portsmouth, NH

Hi Abd- Here is a link that will be helpful. Make sure you know the NAME of the condo association or development- not just the address.
https://entp.hud.gov/idapp/html/condlook.cfm

Most of the places on this list are based on some kind of Name. If you need any further help with financing or anything else, please let me know. Thanks and good luck,

Ken L.

Wed Oct 28 2009, 08:38
Jeffrey Mancovs...
Mortgage Broker
or Lender

Boston, MA

I assume you are writing about condos as all other financeable properties have and need no prior approval. Most direct lenders have the approved list at their disposal. Until 12/7 when HUD announces their new condo guidelines, lenders can still spot approve condo projects if they meet HUD guidelines. So, just because the project is not on the HUD list today doesn't mean it cannot be spot approved. I will tell you if you are going to go this route you want to have a lender who knows how to and has done these before. I have approved over 20 projects in the past 15 years so feel free to contact me for advice.

Wed Oct 28 2009, 07:47
Jesse Carlton
Broker
Boston, MA

Good Question. There is a list of FHA approved properties. If you contact Christina Longo at Christina.Longo@prospectmtg.com she will be able to clarify whether or not the property you are interested in is eligible.

When you are ready to buy or if you would like to view any properties please contact me.

At Condo Domain we only work with Buyers and due to our business model are able to share our commission with you!!

http://boston.condodomain.com/save-your-commission/
http://boston.condodomain.com/meetus/Details.aspx?AgentID=3118

Hope you find this information helpful, please let me know if I can help in any other way!

Regards,

Jesse Carlton
Condo Domain
Real Estate Consultant
319 A Street 3rd Floor
Boston, Ma. 02210

Office 877.852.6636
Cell 508.241.0449
Fax 617.507.8447
Jesse@Condodomain.com http://www.CondoDomain.com

Wed Oct 28 2009, 07:21
Heidi Zizza
Agent
Framingham, MA
FIRST ANSWER

Thats a very good question! I believe FHA has an approved website that lenders use when doing loans. Ask your mortgage professional to help you get a list for your area

Wed Oct 28 2009, 03:48

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 183
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback