Just because a condominium project is not on this list of approved complexes does not mean financing is not available, it just means that a buyer may not obtain an FHA mortgage on the unit.. A home may be rejected if it does not meet guidelines specific to the property type.
not the maximum amount-though the FHA does have the ability to raise it to the maximum amount without additional approval. How would this change affect a new FHA-backed borrower? Could a small.
The phrase FHA-approved means you have met a certain set of guidelines laid out. insufficient reserves or lower than 50 percent owner occupancy, for example, are not eligible for FHA approval. FHA. Jun 08, 2011 This does NOT mean there is a big problem in the community. Not at all.