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Goodluck, Home Owner in Inglewood, CA

How would know if a townhome that i own in inglewood still has a HUD or FHA approval.?

Asked by Goodluck, Inglewood, CA Wed Apr 25, 2012

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I was wondering Why would you like to know that answer. If you want to sell it it should not matter because banks like us (SWBC Mortgage in Torrance) do 3% down payment financing.



Gabino Barrera Jr.
Mortgage Professional

SWBC Mortgage
23705 Crenshaw BLVD. Suit 101
Torrance, CA 90505
424-236-1655-Cell
310-891-1700-Office
310-872-5404-Fax

CA-DOC861438
License by the State of California Department of Corporations under the California Residential Mortgage Act
0 votes Thank Flag Link Fri Aug 24, 2012
Hello Good Luck,

Go to http://www.hud.gov

From their website look for the condominiums page. You will ned to know the name of the condo develpment.

Please note: sometimes a condo development will show "approved" then if you look to the far end of the ledger you will see "EXPIRED". If the staus show approve but also says expired it is a no go.

Some lenders can file the paperwork to get the approval reinstated if it has just recently expired. Ask your lender to contact their condo department to see if this is a service they can provide.

Best of luck to you!

Kawain Payne, Realtor
Web Reference: http://WWW.HUD.GOV
0 votes Thank Flag Link Wed Apr 25, 2012
Google "FHA guideline for townhome approval.
0 votes Thank Flag Link Wed Apr 25, 2012
Unless you are part of an HOA have your prospective purchaser contact a bank. Approval also depends on the buyer's qualification
0 votes Thank Flag Link Wed Apr 25, 2012
The best thing to do would be to call the HOA or your preferred lender.
0 votes Thank Flag Link Wed Apr 25, 2012
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