We can do this for you, I just would need to send the HOA a "condo cert" and find out a few important pieces of info to determine if we can lend and FHA loan on it. Its not called a spot approval anymore but as a direct FHA lender we have ability to make the determination now its not already approved

Feel free to contact me if you still want help with this

FHA does not do spot aprovals or exceptions anymore, sorry...

Many condos today are not FHA approved especially the ones that have been converted. There are too many renters and it's difficult for the HOA to monitor this and now for sure how many are occupied by the owner, especially in larger complexes. You are getting down the the wire on the tax credit and that is why he is probably steering you away from it. If you don't get the $8,000 credit there is free money out there if you buy a bank owned property. You can qualify for a "soft" second up to $15,000 is you stay in the home for at least 5 years. You don't have to pay on it and don't have to pay it back. talk to your agent about these programs called NSP. Your Way Home Arizona is one of them.
Good luck,
Lorrie Feld, ABR, GRI
Keller Williams Integrity First
480-570-1074
lfeld@azrealtygroup.com

Not every bank will allow a spot approval- on a condo. If a bank does allow a spot approval, the Assc. will
need to complete a questionaire and it will be submitted to the bank along with your application and documents. I would suggest having your loan officer do the survey upfront, so you will not miss out on the
tax credit. I