The Federal Housing Administration (FHA) is a part of the Department of Housing and Urban Development (HUD). HUD administers federal aid to local agencies that manage housing for low-income residents. It also backs home loans for many Americans through the FHA. Is a Condo FHA Approved? An FHA loan is a mortgage that is insured by the FHA and issued by an FHA-approved lender.
Is a Condo FHA Approved? An FHA-approved condominium community or single unit that has been approved for FHA loans has been apprised and has a condo ID number. Prior to 2019, an entire condominium community needed to go through the approval process. With the rule change of 2019, individual condo units can be approved.
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