FHA may relax condo rules soon

UPDATE FOR JANUARY 1, 2015: If you read the article below, you’ll see that back in 2010, FHA waived the 90 Day Rule. But, as of January 1, 2015, the 90 Day Rule is back in effect. In other words, there is no longer a waiver and any resale to an FHA at this time will require the seller to have held the property for at least 90 days before resale.

Are home prices the latest evidence housing is stalling, or bubbling? In February, they accounted for 73,000 new jobs, or almost one-third of all the positions created. More sizable gains in the 50,000-plus are needed to keep the U.S. jobs engine from stalling. The.

For many condominium buyers and sellers across the country, the Obama administration delivered what seemed like encouraging news last week: The Federal Housing Administration. FHA plans to loosen.

Opinion: In housing finance, the FHA is not the way  · But this is not the first time such a bill has made its way to the House. Back in October 2017, Rep. Maxine Waters, D-CA, proposed nearly identical legislation to end FHA’s life of loan.

Those changes could make it easier for some borrowers to get condo loans on projects that were previously ineligible for FHA home loans. According to the May 22, 2012 HousingWire.com article, FHA may relax condo rules soon, a HUD spokesperson was quoted saying the agency is "evaluating potential changes to our condo requirements and expect to.

FHA Condo Loans Learn how soon you can refinance after purchasing your home and if it makes sense for you.. If you have an FHA loan, though, you must wait at least 6 months before refinancing with the FHA streamline program.. The rules of the lender you choose.

FHA insures condominium single unit loans for up to 30-year terms to purchase or refinance a unit in an FHA-approved condominium project. The condominium project must be primarily residential, contain at least two dwelling units and can be detached, semi-detached, a row house, a walk-up, mid-rise, high-rise, including those with or without an.

The fha condo approval list is the only official list released by HUD.. It is updated once a day, so there is a 24-hour lag for condos that become FHA Approved, and when they appear on the list.Because of this, make sure to check back daily to see any updates made by HUD to the FHA Condominium Approval list.

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Condo Sales May Get Slight Boost, But financing rules remain tight. responding to lender, condominium association and consumer outcry that the existing fha condominium lending guidelines are too strict, the Federal Home Administration (FHA) on September 13, 2012 announced a round of changes which will hopefully make it easier for borrowers to qualify for FHA condo loans.

Retail home sale prices 88% higher than California REO Bullard: Fed could taper as soon as October  · He also said that Fed Chairman Ben Bernanke could hold a press briefing after the central bank’s October meeting, which it could use to explain its actions if it did taper. (Related video: Fed’s taper decision a close call: Bullard) "Bullard said it was a close call on Wednesday.Source: 2018 National Association of REALTORS Profile of Home Buyers and Sellers 78% of home buyers surveyed in NAR’s 2013 Community Preference Survey responded that neighborhood quality is more important than the size of the home. 57% would forego a home with a larger yard in favor of a shorter commute.