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Require fha approval of condos to be less restrictive.

Created by B.C. on April 14, 2016

The fha is looking at condos ccandrs more stringently causing more condos to fall out of fha approval rating of which were previously approved. The condo associations will not spend the thousands of dollars to obtain ccand r updates to fulfill Fha requirements which could also change again cause another thousands of dollars investment. We need the fha to consider current fha approved properties approved for refinance and selling requirements. So the current fha loan can get a refinance to rehab the property that may need repair or to sell it to another fha borrower such as a teacher or a police officer. So communities are able to support local heroes and teachers in the area. Housing is becoming expensive to buy or rent and condos can be a cheaper alternative!!

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