The FHA Condo Approval list is the only official list released by HUD. It is updated once a day, so there is a 24-hour lag for condos that become FHA Approved,
Initial Questionnaire For hud/fha/va condominium approval. (HUD/FHA Requires That You Have At Least Enough Insurance/Bond To Cover All The Money You Have In your Reserve Account PLUS 3 Months of HOA Dues.) If You Use a Management Company – They Must be Covered Under This Policy OR Have Their Own Policy That Meets HUD Requirements.
FHA will require that approved condominium projects have a minimum of 50 percent of the units occupied by owners for most projects. FHA Insurance Concentration in Condominium Projects FHA will only insure up to 50 percent of the total number of units in an approved condominium project.
A Condominium project must be on the list of FHA-approved condominiums, says HUD 4000.1, "unless it meets the definition for a Site Condominium" as described above. And that’s the major difference-the nature of the site condo is different than a more "traditional" condo project.
home loans for rental property pmi with 10 down WEAK AGAIN: China’s HSBC PMI Falls To 48.4, ‘Employment Down At Fastest Rate In 38 Months’ – The HSBC PMI number fell to 48.4, down from 49.3 in April. The number also fell short. Don’t forget, China produces two manufacturing PMI numbers. At 10:30 PM EST, we get HSBC’s May PMI number..