FHA Update: Temporary Guidelines a Start, But More Work To Be Done

The number of condominiums obtaining FHA (Federal Housing Administration) certification has continued to shrink. This is due, in large part, to the fact that the U.S. Department of Housing and Urban Development (HUD), which administers the FHA certification approval process, has imposed stringent eligibility requirements. Condominiums that have obtained FHA certification in the past find themselves being rejected two years later when they apply for re-certification, despite the fact that no material changes have occurred. This is the result of not only more stringent guidelines being imposed, but more strict and narrow interpretations of the guidelines that are already in place.    Read the article…………


Related Articles

Check With Your HOA Before You Decorate (TN)

Before you break out the crates filled with holiday cheer or buy that new outdoor-lighted display, you may want to

HOA Homefront: How can you tell if an association is well-run?

Common interest developments, or homeowner associations, house about one third of Californians, and most new housing stock is established in

Emotional Support Animals and HOA “No Pet” Policies

It’s common to see a variety of disabled people with service animals to help them. However, more and more people