In order to purchase a condo with an FHA loan, the condo association that runs the condos needs to be approved by HUD. That sounds easy enough, but it is a process that is hard to come by, especially in the wake of the mortgage crisis. In fact, thousands of condos that were once approved […]
Steps to Qualify for an FHA Loan
First-time and subsequent home buyers can take advantage of the benefits of an FHA loan as it makes it easier to purchase a home when you have little funds to put down or have exceptional circumstances, such as less than perfect credit or a higher than average debt-to-income ratio. The FHA has less stringent guidelines […]