Does your Condo Complex have FHA or VA Approval?
By Regina P. Brown, M.B.A., Broker, Instructor
(MBA Broker Consultants)
You may have read my blog about researching the HOA red flags on a condo before listing it for sale: http://activerain.com/blogsview/1563016/before-you-list-a-condo-for-sale-research-the-hoa-red-flags- Since condos are more affordably priced than single family residences, many of the condo buyers are FHA and VA buyers. In fact, I have found a large majority of condo buyers have FHA or VA financing (VA loans are more popular in areas with military bases). As the listing agent, you'll want to be prepared with accurate information for your MLS listing and to respond to inquiries from your fellow Realtors. FHA Below is the link to verify if the Condo Complex is FHA Approved: https://entp.hud.gov/idapp/html/condlook.cfm You must input the name of the complex, not the street address. VA To ...
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