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Purchasing a Condo
Posted on 4/10/12 at 4:37 pm
Posted on 4/10/12 at 4:37 pm
This is a future option for my wife and I as we look to downsize and cut back on maintenance in the future.
How is FHA with condos these days? I know in the past condos had to be on the FHA approved list and there were many hoops to jump through.
Is this still the case? We'd be looking either in Northern Virginia or a city along the coast like Charleston or Savannah.
How is FHA with condos these days? I know in the past condos had to be on the FHA approved list and there were many hoops to jump through.
Is this still the case? We'd be looking either in Northern Virginia or a city along the coast like Charleston or Savannah.
5
Posted on 4/10/12 at 4:43 pm to VABuckeye
Have you been to Charleston? It is a bit, eh, snobby.
Posted on 4/10/12 at 4:59 pm to VABuckeye
I financed the purchase of my condo through the FHA two years ago.
It wasn't too bad.
It wasn't too bad.
Posted on 4/10/12 at 6:45 pm to VABuckeye
They still have to be FHA approved. Generally it's not a bad process with FHA.
Posted on 4/10/12 at 8:34 pm to VABuckeye
quote:
We'd be looking either in Northern Virginia or a city along the coast like Charleston or Savannah.
I live in NOVA, travel to Charleston for business and have family in Savannah.
If you can afford it, NOVA >>>>>>>>>>> Charleston >> Savannah
Posted on 4/11/12 at 11:22 am to VABuckeye
I bought a place a few months ago that is a townhouse in function, but condo in ownership.
It wasn't on the approved list for FHA(it had expired and hadn't been renewed yet) so I had to go conventional and put more money down.
looking at some properties in florida and vegas in those depressed markets is quite enticing imo
It wasn't on the approved list for FHA(it had expired and hadn't been renewed yet) so I had to go conventional and put more money down.
looking at some properties in florida and vegas in those depressed markets is quite enticing imo
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