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Updated Condominium FHA Approval Rules

/ Owner - January 7, 2020

On September 12, 2019, our office published a blog explaining the new FHA Condominium Approval Rules that became effective on October 15, 2019, which includes the single-unit approval process. The purpose of these new rules was to create more opportunity for individual condominium owners to obtain FHA insured mortgages. As many condominium associations are learning, this new process means more work for association boards and managers.   Read the article………………………..

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