I checked the FHA website and the community is not listed as being approved. FHA no longer will do what was called "spot approvals" where they would approve just one unit or home. Now the entire community must be approved.
I'd be happy to assist you in finding out if the community has started the process enabling you to purchase there in the near future. If not, perhaps we can find you other options in the area?
Let me know how I can help!
Ask them about other programs that may help you into a home of your own.
Prospect Mortgage is a DELRAP approved lender by HUD, so we can FHA condo project approvals.
For a property that is legally classified as a townhouse, there is no FHA approval for the project required. The appraisal just has to meet minimum property standards.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
starting April 1st and so does the monthly FHA MI. Now if you have a 660 credit score you can go conventional
and the minimum down payment is only 5%. It's actually cheaper to do that. Keep in mind you will have to have 2 months reserves though after the down payment. Call me with any questions 404-579-9802.