Mar 11, 2010 | FHA Loans, Kevin Coyle, Salt Lake City condos, Salt Lake City real estate, Utah Condos
After writing last weeks Blog entry, I started wondering what percentage of Salt Lake condos actually sold FHA in the last 6 months. So I went to the Wasatch Front MLS and did a little research. I chose to evaluate three areas and price ranges. Area and price range...
Mar 2, 2010 | FHA Loans, Salt Lake City condos, Salt Lake City real estate, Utah Condos
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...
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...
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....
Sep 9, 2009 | FHA Loans, Salt Lake City condos, Salt Lake City real estate, Salt Lake County homes and condos, Utah Homes
Starting October 1, 2009, HUD has new rules for FHA loans that will change the playing field for condo buyers, sellers and builders. I just read the letter from HUD to FHA lenders and appraisers (MORTGAGEE LETTER 2009-19) along with some blogs on how this will affect...
