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Assistance with

FHA Certification

"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."

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


Westford for Condo Management
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