In recent months while assisting condominiums to get certified and recertified with FHA, we are running into an issue that is a fairly simple one to avoid. We make it a point to remind our clients to contribute at least 10% of the budget to the reserve account annually. Not only does FHA require this, it is also a requirement to obtain conventional loans (Fannie Mae). Read more………
Related Post
December 30, 2014
June 29, 2021
April 16, 2024
November 16, 2017
Comments are closed.