FHA financing for condos and townhomes can be problematic.  With FHA becoming such an important part of Fannie Mae and Freddie Mac guaranteed lending there are all sort of little know requirements for PUD’s or Condos.  Examples are that fidelity bonds are required for the HOA or the lender will not fund; HOA budget revenues need to be less than 15% in arrears.

Click>here for a HUD link to condos approved by FHA

Rick Bonetti | 408-857-8800 | Alain Pinel Realtors | DRE #01237009