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Home Selling in New Prague : Real Estate Advice

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Fri Apr 13, 2012
Ieasha Howell-Larkpor answered:
You must purchase the condo with only a conventional loan (usually meaning more money down) or cash. FHA will not allow you to purchase a condo that doesnt meet the requirements.
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Fri Feb 13, 2015
Ben Goheen answered:
Hi Jeff,
Since I don't know about your specific development, I can only speak to what I've seen as an appraiser and Realtor. Townhomes do not need to be on the approved list by FHA - condos do. So while your townhome may look like a townhome, it's probably actually a condo.

You can check to see if you association is listed as 'approved' on HUD's list of condos:
https://entp.hud.gov/idapp/html/condlook.cfm

It may have been at one point and that's why some people have FHA loans, but then rejected by FHA for some reason now and thus the reason why you can't get an FHA loan on your place. Hope this helps!
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