If you're referring to HUD approved condos, HUD's website has a list of HUD approved condominium properties by city.
Best of Luck,
Keller Williams CCG
Just some info for you to be aware of...FHA is making some changes soon that may impact your pre-approval, such as a higher fees and less seller concessions. Rules are changing so frequently that you should have your lender/broker review the pre-approval periodically. Especially if your time frame is 6 months. You never know...you may be approved today, and denied tomorrow. Good luck house hunting!
You're probably getting sick of me commenting on your questions but something just occurred to me that you may want to know. I know you're concerned about FHA condo approvals from your other question. Wayne Beals gave me an idea that might help you.
I'm almost certain, and anyone here can correct me if I'm wrong, that HUD owned condos are exempt from HRAP and DELRAP association approval processes. That may sound unfair to non-HUD owned sellers but it is what it is. There's a place you can look at HUD owned properties in the web reference below. If you want to see if a non-HUD owned condo is approved, try this: https://entp.hud.gov/idapp/html/condlook.cfm (good luck there though).
Make sure to check full experience, client reviews and past sales history along with a personal one on one interview at the agents office. Not only to learn about the agent but also see how active and what strenghts they have to offer you to get the most for your money when buying. Just one thing with the pre approval letter since you are buying in the next 6 months. Make sure the length that the pre approval letter is good for most banks put a time frame in which you have to renew after a dead line. If you need more information you can check my web site listed below. I hope this was helpful and I wish you all the best in your future real estate transactions.
Harold Arnold/ Marcella Cohen
Members of the Cohen-Arnold Realty Team
I work primarily in the city and would be happy to help. FHA has become an essential financing tool for a lot of buyers in today's market and most of my clients these days are using them. Keep in mind that FHA requirements may be changing soon and, if they do, the upfront mortgage insurance premium could increase by 0.5% (translating to an additional cost of $500 per $100,000 of purchase price), credit score requirements could increase, and monthly mortgage insurance amounts could increase. This could make it harder for some people to qualify. Ask your lender about the upcoming changes and how it might affect you if you haven't discussed with them already.
I am an agent in the Chicagoland area with years of experience in both FHA purchases as a buyers/sellers agent as well as the lending side. Having the experience and knowledge on both sides gives me the advantage to let you know your available options upfront when you start looking for homes. I would be happy to help you find you FHA approved condos/homes in the Chicagoland area.
Interview 3 or 4 agents and pick the one that best suits your needs. Every experienced agent has had some experience with FHA and foreclosure properties. Call us if you want to to talk about your specific needs.
Century 21 McMullen
John Astorina, here. I have a wealth of experience with FHA purchases in both the condominium and single family house markets. As Matt suggested, it is in your best interest to interview those of us who respond here, and then enter into a Buyers Agency relationship with the agent you feel most comfortable with representing you.
Good luck, and please feel free to call on me if you have any questions.
Kelller Williams Realty
833 W. Jackson Blvd., Suite 110
Chicago, IL 60607
Your going to be getting a LOT of answers on this question. What you should do is call up 3 or 4 agents and interview them. Have some questions ready, and go with the one you mesh best with. I would be happy to help in any way.
Americorp Real Estate
Brokers Associate, e-PRO