I just logged onto the FHA website and did a search for approved condos in the Orlando area. The Residences at Millenia does not appear on the approved list of condos/townhomes that are eligible for FHA financing. This list is published and updated regularly through FHA. However, if certain parameters exist with the complex or community, a "spot approval" may be an option. Fairly recently, FHA has tightened their lending criteria on townhomes and condominiums.
Perhaps I can find you a nice condo/townhome that is FHA approved. Metro City Realty and Metro City Mortgage can take care of everything, as our mortgage company is approved to fund FHA loans.
Regardless, best wishes in your home search. I must commend you on your timing to buy. I honestly don't think it's going to get much better out there for buyers. Home prices are much more affordable and mortgage rates are at unbelievably low levels.
Let me know if I can help, or if you would like me to find you something else that will do FHA.
Good luck to you!
KG REALTORÂ® Group
of Keller Williams Realty
Direct: (407) 497-7688
*Remember, When you think of Real Estate think of K.G.!
method of approval as of Sept.1.09:
Real Estate Agent / Realtor
Realty 180, LLC
*FREE* MARKET UPDATE at:
As stated here previously there are many changes going on with the condo market and financing. A Realtor is a great place to start to get the most updated information. This is part of our job, to be well informed on what is going on in the Market and I have certainly earned my "wings" this year!
If you go to my website it is filled with info and links to help you out and answer some of your questions.
Please look for the tabs: Buyers Start Here and Finance. I hope you will find this information helpful.
Best of Luck to you and please register as a VIP member so we can stay in touch!
On my website you will find a link to the FHA website where you can check out if they are approved.
Are you a First Time Buyer? You will also find information about the 8,000 and how it works.
Take time to explore my profile located here on Trulia: http://www.trulia.com/voices/profile/Real_Estate_Pro-Orlando and my website: http://two4oneoforlando.com
Dave Lowe, Broker Two4One of Orlando
GRI â€“ ePRO â€“ GREEN (Designations)
Innovative / Save Money / Great People