Not sure why you are asking this question if you can afford the condo now without a mortgage and
don't need an fha loan, just buy it. NOW is the time to buy. The builder, owners need to apply for
FHA approval. Google FHA APPROVAL and see what comes up. Perhaps when you are an owner
you can get the ball rolling.
Nobody knows what will be in 10 years from now, crystal balls don't exactly work.
where is the condo what neighborhood sounds nice, how much is it? Good luck and BUY IT if you can.
We get requests all the time to assist a condominium community in getting HUD/FHA certified. These requests come from a single condo owner or in some cases more than one condo owner. They request and pay for our services. We also have had cases where the buyer of a condo paid for the FHA/HUD approval for the community.
When you consider that just under 40% of current buyers are in need of FHA insured financing it just makes sense to be able to offer it to all those buyers interested in buying your condominium.
Just remember that currently approval is taking about 5 - 6 weeks, on the average, from the time HUD receives the paperwork.
Before you contact us about getting your condo HUD/FHA approved contact the manager or HOA of your condominium community.
Make sure that he/she is agreeable to your request. FHA approval requires quite a lot of information and paperwork that only the management of your complex can supply so make sure they are on board.
If you need more info feel free to call me at (360) 562 0406.