Can you get FHA financing?
51% of the units must be owner occupied
No more than 10% owned by one investor
Project limited to 30% FHA loans
A 50% of presale requirement of total unitsCondo project mut operate with an adequate budget and provide an financial statement
Condo projects must be covered by adequate hazard and liability insurance, and when applicable, flood insurance
Here are the requirements to purchase a condo with FHA financing:
Before you buy a condo, make sure that you have the answers to these required items above. Don't get caught at the last minute not being able to close. Ask your Realtor® and/or your mortgage lender to check on this for you before you complete an offer to purchase.
The information provided on this site should not be used as a substitute for professional counseling and advice from certified legal or financial professionals
917 Conference Drive Goodlettsville, TN 37072. 
