Jean Cancell…, Home Buyer in North Providence, RI

why are some condos not FHA approved?

Asked by Jean Cancellieri, North Providence, RI Sun Sep 9, 2012

Help the community by answering this question:


Many of the condos were converted in apartment buildings and were sold during the peak (2005-2006). Foreclosures were inminent in those buildings, but prior to foreclosure and throughout the process owners stop paying the Association Fees. Banks are not responsible for back HOA and because of this reason, the HOA in these communities are seriously affected with possiblity of large assesments in the near future.
Remember, that HOA's are not born as FHA approved. It is a certification that the FHA will grant after the fact, assuming that the Association meets all of their guideliness.

I hope with this explanation, you will be able to get your answer.


Maria Cipollone
5 votes Thank Flag Link Sun Sep 9, 2012
For an updated list of FHA approved condos in Providence, RI see… This link is available nights and weekends unlike the HUD site. You can also search for nearby cities
0 votes Thank Flag Link Sun Mar 1, 2015
Hi Jean, I have a list of FHA approved condos. If you'd like me to send you that info just shoot me a quick email to and I will send them to you. That will cut your search time in half.
0 votes Thank Flag Link Sat Dec 14, 2013
As a realtor, obtaining FHA Certification is one of the most daunting processes. A few months ago, I was introduced to Association Online. They promptly assisted me in getting FHA approval for an HOA in Nevada. They gathered all the data and assembled the package. The team at AO made my FHA Certification process very simple! You should check them out or call (970-226-1324).
0 votes Thank Flag Link Fri Dec 13, 2013
HUD requires specific documents to approve, this includes, insurance, HOA CC&R's, By-Laws, plans, all phases, budgets, and then the complex can't have an excess of FHA loans currently, owner occupancy, litigation, delinquencies, etc.

At one time a lot of the condos were approved through the lenders. Then they expired and will need to be resubmitted. It can take time and the HOA mush cooperate with providing all the required documents.

Here is the website, but it's funny that it rarely works on the weekends.
Web Reference:
0 votes Thank Flag Link Sun Sep 9, 2012
The FHA approval process is a multi step process. It may help to check the HUD website for a complete list of qualifications. Some things considered are the ratio of owned units, all units must be completely built, amount of commercial space etc. I would be happy to help in your search or discuss further. Feel free to contact me. Tina Rose New England Properties at 401-824-6262
0 votes Thank Flag Link Sun Sep 9, 2012
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