The Federal Housing Administration will insure mortgage loans by lenders that make a loan for the purchase of a residential condo, if the unit is in an FHA-approved condominium community. Considering FHA insured loans account for almost 25% of all home mortgage loans made nationwide, it follows that a unit in an FHA-approved community will appeal to a larger pool of potential buyers. Increasing the universe of potential buyers for a condo community’s units is a decent motivation for an association to obtain FHA approval of their community.    Read the article…………………