Kentlands Flower Photographs by Roy Kelley & FHA Financing 9/15/11

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Education & Training with Retired Real Estate Broker, Maryland Blogger

Kentlands Flower Photographs by Roy Kelley & FHA Financing  9/15/11

FHA Mortgage Financing For Condominiums 

 

Condominium buyers and sellers need to know about the available mortgage financing.  If the needed financing is not available, the market for the units may be limited to cash buyers.

 

In the Montgomery County, Maryland Suburbs of Washington, DC, there are many condominium communities that now have expired HUD approvals for FHA financing.

 

This link should take you to the HUD page so you can research communities within specified zip codes.

 

https://entp.hud.gov/idapp/html/condo1.cfm 

 

 

Real estate professionals need to disclose the availability of mortgage financing to their buyer and seller clients.  When there is uncertainty about available financing, check with you mortgage lender.  All need to be alert because the lack of financing may not be disclosed in the listing notes.

 Please share photographs from your favorite places in the comments for this post. Life is good in Maryland!

Photographs by Roy Kelley.  Canon PowerShot G11 Camera.

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Roy Kelley, a real estate broker since 1960, has retired from his position as Associate Broker with RE/MAX Realty Group in Gaithersburg, Maryland. The needs of past clients and referrals will be met by long time associates. 



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Topic:
Real Estate General Information
Location:
Maryland Montgomery County Gaithersburg
Groups:
Addicted to Active Rain
EXPRESS WITH PHOTOGRAPHS AT ACTIVERAIN
Great Shots!
Photos
Realtors®
Tags:
flower photographs

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Rainmaker
1,224,343
Ron & Alexandra Seigel
Luxury Real Estate Marketing
ra@napaconsultants.com

Roy,

I always enjoy all your flower photos, you really do have a talent, and Life is good, when there are flowers around. A

September 15, 2011 12:08 PM
Rainmaker
1,762,924
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

Thanks so much for stopping by.  I enjoy taking the photographs and sharing them with you.

 Life is good!

Roy and Dolores Kelley Photographs

September 15, 2011 12:10 PM
Rainmaker
791,181
Wayne Martin
Wayne M Martin LLC
Wayne M Martin LLC

Allowing these approvals to expire is tragic for the average condo buyer, especailly in these tough economic times. Perhaps HUD will get smart about approving recently expired ones at the very least. Nice Flowers. Need my daily fix!

September 15, 2011 02:05 PM
Rainmaker
1,762,924
Roy Kelley
Retired Real Estate Broker, Maryland Blogger

You are correct, Wayne.  Not meeting HUD requirements to allow FHA financing in a condo community can have dire consequences.  Values will drop in those communities that rely on FHA financing for new owner occupant purchasers.

 Life is good!

Roy and Dolores Kelley Photographs

September 15, 2011 02:10 PM
Rainmaker
668,811
Mary Yonkers
Erie/PA Real Estate Instructor
Alan Kells 1-814-881-7548

Hi Roy,  Thanks for the flowers and FHA tips to finance condos.  I bookmark this post.

September 15, 2011 06:44 PM
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Rainmaker
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Roy Kelley

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