Home Selling in 07840>Question Details

Njseller, Home Seller in New Jersey

What % of buyers looking for townhomes require FHA financing?

Asked by Njseller, New Jersey Sat Apr 28, 2012

In your direct experience, what percentage of buyers looking at condos/townhomes are dependent on FHA financing?

Have you seen a correlation between condo/townhome sales in your area and FHA approval?

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Answers

3
Lately the mortgage applications I've received have been an even mix of FHA and conventional; maybe slightly more FHA.
0 votes Thank Flag Link Sat Apr 28, 2012
If you live in an association you should really encourage your board to renew the FHA paperwork. In today's market you wouldn't want to miss out on any buyer.
0 votes Thank Flag Link Sat Apr 28, 2012
Agreed. Looking for data to bolster my argument.
Flag Mon Apr 30, 2012
A number of buyers in today's market look for FHA loans since the rates are so good. The problem is that some associations are not renewing their FHA paperwork.
0 votes Thank Flag Link Sat Apr 28, 2012
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