Should condominiums seek HUD qualification?

The Federal Housing Administration, or FHA, is a mortgage loan insurance provider. FHA is housed with The Department of Housing and Urban Development, or HUD. It has a set of guidelines for housing loans and if a borrower meets these guidelines, FHA will insure the loan to protect the lender against losses. FHA is not a loan provider and does not lend money for home purchases.     Read more……….


Related Articles

Background Checks… Do you do them?

While laws vary state by state, there is a general rule that an HOA can set restrictions on who may

When Security Clashes with Aesthetics

Most association-governed condominium communities have strict rules concerning the appearance of residences, common grounds, and common buildings. These rules help

An overview on Condominium and HOA Reserve Funds

For community associations, preserving the property and its common areas is one of the foremost duties of the association directors.