Check a Condominium project’s status to see if it is currently VA and/or FHA Condo Approved. Many communities that were given FHA condo approval have since expired
WELCOME TO FHA REVIEW
VA & FHA Condo Approval Submissions by Experts in the HOA industry. Count on us to get your community FHA & VA approved today!
PRODUCTS & COST
If our review determines the condominium is eligible for VA or FHA Approval, we will back it up 100%. Furthermore, if you don’t get VA or FHA Condo Approval, you don’t pay for the submission! If you re-certify with us again in 2 years, we will offer a discount as well.
Looking for FHA Approved Condos in a specific location? This interactive map is a powerful tool that has pinpointed every FHA Approved Condominium in the United States and its Territories. The FHA Map has regular updates.
Begin the VA or FHA Condo Approval process by completing our online form. We will get back to you within 24 hours with the next steps to FHA and VA Certification.
TOP REASONS TO GET FHA CONDO APPROVAL
INCREASED POOL OF BUYERS
First and foremost, statistics show that approximately 60% of new homebuyers intend to use an FHA Loan. If your community does not have FHA Condo Approval, you potentially limit the buying pool to only 40% of homebuyers.
INCREASED HOME VALUES
Because of the increased buyer pool, FHA Approved Condos experience increased competition and demand for the units. This results in higher purchase prices and an increase in market value. This will ultimately increase the value of ALL units throughout the community.
In addition, FHA Certification is necessary to get a Reverse Mortgage (HECM). Many owners use these types of loans as a financial planning tool and cannot stay in their units without this type of financing. Without FHA Condo Approval, unit owners cannot obtain a reverse mortgage.
FHA LOANS ARE ASSUMABLE
This means that in the future, an FHA Loan can be assumed (including the interest rate) by a new buyer. With interest rates at an all-time low, this can be a very valuable asset to an HOA community.
FEWER RENTERS IN COMMUNITY
Furthermore, buyers who use FHA loans are more likely to reside within the unit, and not rent it out. Conversely, communities without FHA Approval will attract buyers that can make large down payments for conventional financing. These buyers are usually investors who will rent out the property for a profit.
For these reasons, realtors are more likely to bring their clients to FHA and VA Approved Communities. Units with these approvals are easier to sell and most often sell for higher prices than similar condo associations that are not approved.
WE CAN HELP
The change in the FHA Guidelines in 2011 has made it difficult for some association to achieve FHA and VA approval.
Furthermore, FHA Review specializes in the 2019 VA and FHA condo approval process, and all that it entails. With FHA Review, getting your community VA and FHA approved is quick and painless.
Above all, FHAmap.com is a powerful tool for realtors and homebuyer to locate FHA Approved Condominiums. Contact us any time to learn more about the VA and FHA Condo Approval Process in 2019, or the map of FHA Approved Condominiums. FHA Review is available to help your community achieve VA and FHA Condo Approval.
Hear what some of our clients have to say…
I used FHA Review to do the work necessary to get my 22 unit condo conversion FHA approved. They were fast, knowledgeable, and significantly more reasonable than any local company. They suggested minor changes to my condo docs to ensure that FHA would approve the application on its first submittal. They made the application on my companies behalf. I received FHA Condo Approval within three weeks of getting them the last documentation that they requested. Great company.
I work for a management company in Southern California and I must say that FHA review is one of the best we work with. They are courteous, very helpful and a pleasure to work with. The processing of approvals is done quickly, Highly recommend this company!