The new FHA loan rule for condominiums helps first time home buyers tremendously. Announced yesterday in a press release, the new rule takes effect on October 15th. FHA Approved Condominiums The FHA Condominium Project Approval & Processing Guide is 95 pages long. Requirements are strict and it’s a costly, tedious process for any condo association. Condominium associations simply don’t apply due to the cost and aggravation. You use the FHA…
