Home Buying in Van Nuys>Question Details

inna ivchenko, Real Estate Pro in Calabasas, CA

how to find out if a condo complex is FHA approved?

Asked by inna ivchenko, Calabasas, CA Thu May 23, 2013

Can I find out about it on my own? Any online database you know? I just need to have a general idea ( details about HOA reserve, tenant/owner ratio, etc. will be the next step, I guess)
Thanks!

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Answers

8
Inna, Do you know that the difference between the downpayment of an FHA and a Conv loan is only 1.5% It may be best for you to go conventional so you have a better selection of homes to choose from.
0 votes Thank Flag Link Thu Jun 18, 2015
For an updated list of FHA approved condos in CA see http://homebuyerwise.com . This link is available nights and weekends unlike the HUD site. You can also search for nearby cities
0 votes Thank Flag Link Tue Jun 16, 2015
Hi, You can visit this link...http://1.usa.gov/10hZNpV

Chris
0 votes Thank Flag Link Fri May 24, 2013
Finding FHA Approved Condos is getting difficult. I am sure you know about FNMA's Homepath, but thought I would give the folks out there a quick overview. This program is easy! With a 660 credit, you can purchase with 3% down, have NO mortgage insurance (FHA's MIP and MMI is ridiculous now!), no appraisals required, and most of all quick 30 day or less closings. Available homes can located on http://www.homepath.com

Oh! I am a FNMA direct lender, please feel free to contact me if you have questions concerning any loan program.

Best of Luck!

http://homepathmortgage.blogspot.com/2011/04/what-exactly-is…
Web Reference: http://www.AFN-Loans.com
0 votes Thank Flag Link Fri May 24, 2013
0 votes Thank Flag Link Fri May 24, 2013
the easiest site to remember is:

http://www.FHA.gov

this site, for purposes of locating FHA approved condo complexes, can only be accessed from 8AM until 10PM Eastern Time

Just click on the option on the left..then fill in your state or zip code

Best wishes.......
0 votes Thank Flag Link Thu May 23, 2013
That is the web site to use. You can also call the HOA management company. They will normally tell you how many off site addresses there are so you can calculate the owner occupied ratio.
Good luck,
0 votes Thank Flag Link Thu May 23, 2013
This is the only web site that I can use?
condos:
https://entp.hud.gov/idapp/html/condlook.cfm
0 votes Thank Flag Link Thu May 23, 2013
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