FHA Approval

Our goal is to get FHA Approval for your community.  Simply answer a few questions, and our team will begin a full review.  No obligation, let us determine the eligibility of any condo project within 2 days.

About FHA Approval
VA Approval

We can help get you VA Condo Approved as well.  The process is similar to FHA but a different set of document and guidelines will apply.  Click below to see more on the Veterans Affairs approval process.

About VA Approval
FHA Map

This link will take you to FHAmap.com. 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.

View FHA Map

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

More about FHA

This article will explain the Pros, Cons & Misconceptions surrounding FHA Condo Approval.

Here you will find a comprehensive list of the most important FHA guidelines to get a condo approved.

The link below will take you to a list of documents needed from the Condo Board or Manager for FHA approval.

And Finally, here is a list of our most frequently asked questions surrounding the FHA and the Approval Process.

VA and FHA Condo Approval

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.

  • FHA Renewal FHA Renewal for a Condominium
  • $765
  • FHA Condo Approval Renewal
  • For Condos due to expire soon
  • For Condos expired less than 6 months
  • FHA/VA combo discounts available
  • FHA Approval Initial Approval for a Condominium
  • $850
  • FHA Condo Approval
  • For Condos that have never been certified
  • For Condos expired more than 6 months
  • FHA/VA combo discounts available
  • VA Approval VA Approval for condominiums
  • $850
  • VA Condo Approval
  • VA Approval for Condos and Site Condos
  • VA approval does not expire
  • FHA/VA combo discounts available

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.

FHA Approved Condo Map
9895FHA Approved Condominiums in the U.S.

GET APPROVED!

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.

WHY FHA?

TOP REASONS TO GET FHA CONDO APPROVAL

1

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.

2

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.

3

REVERSE MORTGAGES

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 can not obtain a reverse mortgage.

4

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.

5

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.

6

MARKETABILITY

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.

VA and FHA Condo Approval

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.

In addition, you can navigate our site to learn more about the 2019 VA and FHA condo approval process.  See our navigation panel for links to the pros and cons of FHA Condo Approval, as well as FAQ and other useful information.

Above All, FHAmap.com is a powerful tool for Realtors and home buyer 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.

WHAT THEY ARE SAYING

TESTIMONIALS

Hear what some of our clients have to say…