Many of the townhome/condo HOA in Hercules and Pinole are approved by FHA- including communities like Country Run or Wildwood in Hercules and Pinole Ridge in Pinole- we have had FHA buyers buy properties in these communities in the last 6 months.

The reason why the Richmond Marina Bay HOA is not approved is due to the owner occupancy rates. We did have a case over a year ago in Hercules where the HOA was NOT approved due to a litigation that was pending, but is currently approved due to the litigation resolution..

We are very active in the Hercules & Pinole markets, let us know if we can be of service in your home search. There are several properties available in your price range that we can show you. Also, keep in mind that a closing cost credit can be negotiatied. Email us and we can set up appointment for you to view some properties. We would be happy to help you find your home.

Tommy & Jeannette Schneckenberger
tandjteam@gmail.com
510.224.0298 Tommy
510.224.0299 Jeannette

FHA-approved condos are few and far between, but you can search for them at the following site:

https://entp.hud.gov/idapp/html/condlook.cfm

Your only other option is to get a "spot approval" on an individual condo within a project that isn't approved, but not all condos will qualify. I've completed several spot approvals and know what the hangups are, so I'd be happy to look into any condo project you're interested in and see if it will approve for an FHA loan.

Best,
Brad Stoddard
510.868.1439