Found 1 blog entry tagged as FHA approved.

Getty Images shares, "an FHA-approved condo is a property that can be purchased using FHA loans—or loans that are insured by the Federal Housing Administration. These FHA loans are for first-time homebuyers (or someone who hasn’t owned a home in the previous three years).

The fantastic news about FHA-approved condos is that these properties require lower down payments and have looser credit requirements than conventional loans. The not-so-great news is that FHA-approved condos may require homebuyers to jump through a few extra hoops.

So what requirements must these condominiums meet to be approved by the FHA? And where should you go to search for available properties?

What are FHA-approved condos?

FHA condos are simply residential…

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