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CandyMan
253 Posts |
 Posted - 08/01/2008 : 06:43:02 AM
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| I've read that there is no upfront mortgage insurance on condos for FHA loans, and that just the 1/2% a year needs to be paid. Is that correct? |
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Scrooge McDuck
8851 Posts |
Posted - 08/01/2008 : 07:09:07 AM
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| no. and fha doesnt just do any condo out there. you have to check and make sure the complex is on the list. |
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just in kase
489 Posts |
Posted - 08/01/2008 : 07:14:58 AM
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condo property type have the same insurance as SFR's, used to be different a few years ago.
condos ethier need to be HUD approved or Spot approved.
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CandyMan
253 Posts |
Posted - 08/01/2008 : 07:25:26 AM
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| Thanks. I appreciate it. Where do I find "the list" of FHA approved condos? |
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kmikkola
799 Posts |
Posted - 08/01/2008 : 07:58:35 AM
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https://entp.hud.gov/idapp/html/condlook.cfm
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