FHA to make financing easier for condo owners in Kentucky
FHA Condo Approval Kentucky
New Condominium Approval Rule For Kentucky FHA Condo Mortgage Loans
The Federal Housing Administration (FHA) announced the publication of its Condominium Project Approval Final Rule effective with new case number assignments on or after October 15, 2019.
For more information, please read the press release issued by the Department of Housing and Urban Development (HUD).
Kentucky Mortgage loans done through FHA’s new condo rule and the new Condominium Project Approval section of the Single-Family Housing Policy Handbook were designed to be flexible and responsive to market conditions, and provide a comprehensive revision to Kentucky FHA condominium project approval policy. In particular, the new policy will allow certain individual condominium units to be eligible for
FHA mortgage insurance, even if the condominium project is not FHA approved. These policies became effective on October 15, 2019. Read FHA’s new condominium approval regulation.
The Legacy “Spot Condo” is Now Single Unit…
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