FHA Condo Approval Process (2014)
FHA Review specializes in the 2014 VA & FHA condo approval process. We complete the HUD application process that allows for Condominium communities to become FHA approved. Our team meets the needs of your community by working directly with Property Managers, Realtors, Boards of Directors, and homeowners nation wide. With FHA Review, getting FHA condo approval status has never been easier!
Our goal is to get FHA condo approval for your community. Simply answer a few questions, and our team will begin a FREE review. No obligation, let us determine the eligibility of any condo project.
We can help get a condominium VA approved as well. The process is similar to FHA, however a different set of document and guidelines apply. Click below to see more on the Veterans Affairs Approval Process.
Most communities that were given FHA condo approval certification had it revoked sometime in 2011. Check your status here to see If your condominium or HOA is currently FHA approved, or expired.
FHA Review is proud to launch its newest feature. This interactive map is a powerful tool that has pinpointed every FHA Approved Condominium in the United States and its Territories. This FHA map is updated regularly.
FHA Condo Approval Cost / Pricing
If you don’t get FHA approved, you don’t pay!
The Total cost of an existing condominium to become FHA approved is $850. There are no hidden or extra fees. If our free review determines the condominium is eligible for approval, we will back it up 100%. If you don’t get FHA Condo Approval, you don’t pay for the submission!
- Free initial eligibility evaluation
- Full Review of Documents
- Analysis of Financials
- Timely FHA Submission
- Contact with HUD throughout Process
- Board meeting attendance (SoCal Only)
- 2 year renewal reminder of Expiration
- Denied FHA application assistance program
What sets us apart?
Many companies charge extra, or expect you to provide:
- Condo Plans
- Annexation documents
- FEMA Flood Maps
- Tract Map
- Phasing Documents
At FHA Review, these documents are included in cost.
Managers & Boards
For Property Managers & Board of Directors, there is no downpayment necessary. We will invoice you $850 only when you are officially FHA approved.
Realtors & Lenders
Total cost of a typical condominium to become FHA approved is $850. A non-refundable $175 down payment will apply to all lenders, realtors and loan officers to start the process. Upon FHA approval, we will apply this charge toward the total $850.
Don’t Pass, Don’t Pay Program
If our free review determines the condominium is eligible for approval, we will back it up 100%. If you don’t get FHA Condo Approval, you don’t pay for the submission!
If your community does not meet our eligibility requirements, we can submit your application for a non-refundable fee of $450 at your request. If the condo becomes FHA approved, we will collect the remaining $400. Common issues that preclude a condominium from meeting our Don’t Pass, Don’t Pay program are:
- Special Assessments
- Pending Litigation
- Interest Bearing Loans
- Low Reserve Funds
- Leasing Restrictions
- Missing Paperwork
FHA Review is a proud member of the Greater Los Angeles CAI chapter. FHA Review’s Natalie Stewart has written an article entitled “About FHA Condo Approval” which can be seen in the September issue of In Focus Magazine, published by CAI. You can click here to read her article about the FHA Condo Approval process, and some of the major issues facing condominiums and the FHA condo approval process today.
The change in the FHA Condo Approval Process in 2012 has made it difficult for some association to achieve FHA condo Approval. FHA Review specializes in the 2014 FHA condo approval process, and all that it entails. With FHA Review, getting your community FHA condo approval & certification has never been easier! Navigate our site to learn learn more about the 2014 FHA condo approval process. See our navigation panel for links to the pros and cons of FHA Condo Approval, as well as FAQ’s and other useful information. Our new map of FHA approved condominiums is a useful tool for realtors, managers, and home buyers. Contact us any time to learn more about the FHA condo approval process in 2014, or our map of FHA approved condominiums. FHA Review is available to help your community achieve FHA Condo Approval.
FHA Review by a|v|s did a wonderful job of getting my community FHA condo approval. The process was painless, and the communication with this company was superb! - Terry Smith(Property Manager)
- Tips for Getting Your Community FHA Approvedhttp://caiclac.wordpress.com/2014/03/17/tips-for-getting-your-community-fha-approved/ MARCH 17, 2014...