FHA loans have been the recent choice for low down payment residential buyers offering loan programs that require just 3.5% down. Recently FHA decided that they will only lend on condos that are on the FHA approved condo list. FHA use to allow for spot approvals if...
FHA Loans
Salt Lake City Condos: Which SLC Condos are on the FHA Approved Condo list and why is this so important?
Dec 11, 2009 | FHA Loans, Salt Lake City condos, Salt Lake City real estate, Utah Condos
Because of FHA we still have low down payment options, 3.5% down, for the purchase of owner occupied homes and condos in Salt Lake City and across the nation. There has always been a list of condominium projects that were FHA approved and if the condo you wanted to...
Salt Lake City condos: New FHA Financing requirements for condos go into affect November 2, 2009.
Oct 6, 2009 | FHA Loans, Salt Lake City condos, Salt Lake City real estate, Salt Lake County homes and condos, Utah Homes
FHA has delayed the changes to the requirements for financing condos out to November 2, 2009. The date was October 1, 2009. This will still likely have a negative effect on the value of Salt Lake City Condos, but some condo projects will be effected more than others....
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