Is this condo FHA approved?

Asked by Jo Ann Hahn, Mon Oct 13, 2008

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Julia Huntsm…, Agent, Long Beach, CA
Mon Oct 13, 2008
Jo Ann, I am not finding a match between the tract # and the FHA list of approved associations. It looks like it might be a condo conversion building, and few if any of those are FHA approved buildings.
If I can help with another condo search, please contact me
Julia Huntsman, Broker Associate
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1 vote
Jon, Both Buyer And Seller, Los Angeles, CA
Thu Sep 17, 2009
Call 888-531-1119 they can search by address and tell you if a property is approved or not.
0 votes
Tommy, , Fort Lauderdale, FL
Mon Dec 8, 2008
More often then not Condos are approved for FHA finnacing and not found ont he FHA condo approval list located at Make sure you contact the association to make sure the condo is not FHA approved. Hope that helps,
0 votes
Barbara Robb…, Agent, Long Beach, CA
Thu Nov 13, 2008
Just thought I would let you know too that you can get some complexes FHA spot approved. I work with Jan Preslo at Countrywide Home Loans and she recently got one approved for me in Signal Hill in 4 days. So that allowed my buyers to purchase the REO we made an offer with 3% down. One of the main questions you need to find out first, is how many of the units are currently rentals and not owner occupied. FHA has a requirement that there be at least 51% owner occupants in the complex. Also, there will be a larger downpayment requirement for FHA in January. It will be 3.5%.

If I can answer any other questions, or you would like to speak to Jan Preslo, just email me at and I will be glad to provide her information. She is an excellent lender and I have worked with her for over 20 years.

To reach me by phone for any other questions, feel free to call 714-296-7270 or visit my website at http://www.barbararobbinsolexa. com for more Buyer/Seller Q&As regarding the real estate process.

Barbara Robbins-Olexa
Broker, E-Pro(R), SRES(R)
L B Brokerage
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