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.