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Obtaining FHA Condo Approval, which many condo communities don't qualify for, opens the door to a vastly wider prospective buyer pool. Just stating that a condo is FHA-approved is a great boost in the successful marketing of any unit.
Any savvy, well-capitalized conventional loan buyer would still take reassurance in a condo being FHA-approved. It is a doubt-eraser that would translate into sustainably higher property values across the board.
It is known that the FHA carefully vets any Condo project before approving, and this agency’s approval is tantamount to independent confirmation of adequate reserves, a minimally acceptable dues delinquency rate, acceptable owner-occupied ratio, reasonable bylaws, etc.
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.
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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!