Federal Housing Administration Approval
The Federal Housing Administration has become the nation’s go-to lender.
Applications for FHA financing now represent more than 50% of all new mortgage applications nationally. The FHA has come popular for many reasons, most importantly, liquidity.
In order to obtain financing on a new construction, conversion, or existing condominium project through the FHA, the entire project must be approved by the U.S. Department of Housing and Urban Development. The approval process is comprehensive. National Condo Advisors has created a streamlined process by which developers and builders can ensure that their projects are being submitted correctly, efficiently, and fully reviewed.
FHA Loan Highlights
- 96.5% Financing
- Reduced Credit Score Requirements
- Liberal Income Qualification Ratios
- 50% Owner Occupancy/Pre-Sale Requirement (Temporarily 30%)
- 3% Sellers Concessions Allowed
Contact us today for a no cost consultation.