New HUD FHA Condo Policies Will Help Sell More Condos And Attract More First Time Home Buyers

New HUD FHA Condo Policies Will Help Sell More Condos And Attract More First Time Home Buyers

EXCITING NEWS in the world of Condos and for First Time Home Buyers.  HUD announced they will immediately make changes to restrictive policies related to the cumbersome re-certification and insurance requirements for buyers to purchase a condo using FHA financing.  Other greatly anticipated changes are going to be addressed in the immediate future concerning owner-occupied requirements and the types of property insurance that is acceptable by the FHA.  These changes have been requested by real estate professionals and fought for, for the benefit of the consumers, by the National Association of Realtors for sometime.  This exciting news comes at a great time for individuals, families, and real estate agents who are trying to find the most affordable housing with the best financing terms available. It will also help owners who want to sell their condo properties.   Although interest rates are rising, they are still at a historic lows. These changes will allow for more doors to open with the ability of consumers to put their condos on the market with confidence they will sell, knowing the process will be much easier for those looking to find and purchase affordable condos.   

Follow the link below to find out more information on these and other HUD changes. 

BREAKING: HUD Announces Change to FHA Condo Policies at Realtors® Conference

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Lisa Handley Headshot
Phone: 612-390-6520
Dated: November 13th 2015
Views: 271
About Lisa: TEAM LEADER & Sales Manager for TC Specialists is LISA HANDLEY - 612-390-6520. Lisa is a native of M...

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