Does anybody have a list of FHA aproved condos in San Jose, CA....Thank you!!

Asked by Bwlimon, San Jose, CA Sat Apr 18, 2009

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Steven Ornel…, Agent, Fremont, CA
Tue Apr 21, 2009
Hi Bwlimon,

While Condos do need to be on FHA's approved list; “Spot Approvals” can be obtained, if not, as CJ mentions. This makes sure the HOA is solid, and has more benefits to the Buyer than negatives. Here are the questions that the HOA will have to respond to:

Here's the condo search link:

Best, Steve
1 vote
Current AB 596, if passed, wouild beginning January 1, 2017, require the annual budget to also include a statement descriging the status of the common interest development as a FHA-approved condominium project and as a federal Department of Veterans Affairs (VA approved condominium project. And also, as of January 1, 2017, it would require the association of a CID to provide notice to its members, if there is a change in the status of the CID as an FHA-approved or as a VA-approved project.....This would be extremely helpful to owners and to subsequent purchasers and lenders.
Flag Mon May 11, 2015
, ,
Sat Apr 18, 2009
Getting a static list of approved condos and townhouses may not be the best solution as many are being added every week. You can go to the HUD website to look them up by associate name, city or zip code. If it were up to me, I suggest looking it up by zip code. I tried to add the link but Trulia won't let me because it is an https as opposed to http. If you go to Google and type in "FHA approved condos" it is the first listing.

Let me know if you have any other FHA questions.

Web Reference:
1 vote
Sun Mar 1, 2015
For an updated list of FHA approved condos in San Jose, CA see . This link is available nights and weekends unlike the HUD site. FHA approved condos are easier to sell because buyers can put down a lot less money.
0 votes
Grace Hanamo…, Agent, Cupertino, CA
Wed Apr 22, 2009
Hello BW and thanks for your question.

Until very recently, many condominium and planned developments were NOT FHA approved. in fact, FHA loans were not the prevalent form of loans until the recent collapse of FannieMae and FreddieMac. As a result, if you are interested in a homeowners association that is older than, say, two or three years, it is likely that the property was not FHA approved. Even worse, as homeowners association managers, we are not typically provided with any information regarding federal housing approvals.

If you are working with a qualified loan broker, the broker can get a "spot approval" for a condominium or planned development association (called "common interest developments" or "CIDs") provided the complex meets specific guidelines promulgated by HUD and the FHA. If the homeowners association is professionally managed AND properly funded, a spot approval may be possible. However, if not, the buyer may need to seek other lenders for funding.

Finally, as Steve noted below, choosing a home within a homeowners association is as much about the property as it is about the homeowners association or HOAs. To ensure that you know the basics of any homeowners association, please check out my three part instructional blog on HOA Basics at the website below. In addition to being a Realtor, I've been in the professional managing and consulting with homeowners associations for over 25 years, and have consulted both with developers and the California Department of Real Estate. Learn the basics of homeowners associations before moving into one--you won't regret knowing this information.

Good luck and happy house hunting!

Grace Morioka, SRES, e-Pro
Area Pro Realty
Tel 408-426-1616
0 votes
CJ Brasiel, Agent, San Jose, CA
Sat Apr 18, 2009

Even if your condo/thome is not on the HUD approval web site, you may be able to obtain a spot approval. Here is the PDF link with the approval requirements.…

Good luck.
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