New Mortgage Rules for Condos!

Here in Florida, we’re land of the condominiums. Good news today for financing a condo. New FHA mortgage rules go into effect on Oct. 15, 2019 making it easier to buy a condo – especially first time buyers.

The new rules specifically:

  • Allow single-unit approval process.
  • Extend condo project recertification from 2 to 3 years.
  • Allows more mixed use projects eligible for FHA loans.

Leave a Reply