As an expert in Condo lending, I can help you get the association FHA approved. Also, more importantly, I am willing to speak to your association and explain the benefits of having it approved.
Senior Vice President - FHA Specialist
Witrust Mortgage uses Steve Stenger from Condo Approval Professionals, there is a small fee which depends on the number of units in the building. The HOA should pick up the cost, it will benefit the entire building as you will have more buyers able to purchase a unit. It also would help for refinances in some instances
Senior Mortgage Consultant
1333 N. Kingsbury, Ste, 201, Chicago, IL 60642
Office: 312-462-7715 | Cell: 773-848-4144 | eFax: 312-873-3818
My company, Condo Approval Professionals LLC, specializes in this area. We work with many different associations in helping become FHA approved. We would be glad to help you. I can be reached at (847) 293-2962 or by e-mail at Steve@condo-approval.com.
Condo Approval Professionals LLC
I have not heard of property managers doing this, but it is possible. You usually need an attorney letter though.
Americorp Real Estate
Brokers Associate, e-PRO