FHA Certification

 

We can help with FHA Certification whether it's a new application or a renewal of the requirements.

 

What does that mean to you?

 

  • Currently 40% of all new loans are FHA Insured
     

  • Reverse Mortgages Now Require Associations to be FHA Approved
     

  • Fannie Mae & Freddie Mac will accept FHA Approval for Condo loans
     

  • Recently Approved Mortgage deal provides FHA with an additional $1 billion in Cash for FHA insurance.
     

  • FHA Approved Condos for sale attract a larger buyer pool
     

  • Lower down payment and FICO score requirements for potential buyers of an FHA Approved Condo
     

  • FHA loans are assumable, meaning they can be transferred from one buyer to another
     

  • FHA Approval now indicates a Financially Healthy Association to all mortgage lenders

 

        For more information Contact Westford

 

"As of Febuary 1, 2010 an entire condominium development must apply to HUD and be granted FHA approval before a buyer can purchase a unit in an association with an FHA loan or before an existing unit owner can refinance into an FHA loan."

Assistance with

FHA Certification

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Westford Real Estate Management LLC | 348 Hartford Turnpike, Suite 200 Vernon, CT 06066 | Phone 860-528-2885 | Fax 860 528-2989

 

Office Hours: Monday through Friday 9am - 5pm EST | 24 Hour Emergency Services

 


Five Star Service  - for all your association management needs.

 

 

Providing quality property management services to condominium associations throughout the state of Connecticut since 1991.   

 

You can count on Westford for the people, process and technology to provide superior services at reasonable prices.   

 

For more information or to obtain a proposal for your association - please call or contact us. 

 

Serving clients in more than fifty cities and towns in Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and

Windham, CT counties.

 

www.westfordmgt.com

CAIT Member

 

© 2009-2019 Westford Real Estate Management, LLC  | Vernon CT  | USA

 

Connecticut Community Association Manager CT License Number: CAM.0000346