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.
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.