If u have any more question u can search
Condo must be HUD approved for ANY type of FHA loan or HECM reverse mortgage. Some condos have let their prior approval expire and have to 're-up' - the Condo board in exercise of their fiduciary duty to the homeowners should to that as it helps owners market their property and obtain the reverse mortgage.
My company, Condo Approval Professionals LLC, specializes in assisting condominium associations become FHA approved. We have over 16 years of national condo project approval experience. If you have any question, please contact me at (847) 293-2962 or by e-mail at email@example.com.
Condo Approval Professionals LLC