January 16, 2012
Recently we’ve gotten a few reader questions about FHA condo loans. It’s true that the FHA will insure a condo loan for projects that are approved by HUD/FHA. Here are some facts about FHA condominium loans and the requirements for them.
Condo Loans Are Different Than Suburban Home Loans
By its very nature, FHA condo loans are unique compared to the ownership issues connected with a typical suburban home. According to the FHA official site, “Condominium ownership is different from other forms of home ownership.
Joe Wallace has been specializing in military and personal finance topics since 1995. His work has appeared on Air Force Television News, The Pentagon Channel, ABC and a variety of print and online publications. He is a 13-year Air Force veteran and a member of the Air Force Public Affairs Alumni Association. He was Managing editor for www.valoans.com for (8) years and is currently the Associate Editor for FHANewsblog.com.
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