Loan Approval Process for FHA Loans

fha loans

A lot of questions have come up on the new load approval process for the FHA.  Parker Finch, a Phoenix based HOA community management company has investigated to make it easy to you to understand the new policies.  If you contact Parker Finch you can get information they gained from a seminar they attended by Carpenter, Hazelwood, Delgado & Wood on FHA approvals for condominiums. Three quick questions to understand your approval Are less than 50% of all units owner occupied Do you currently have an excess of 15% in delinquencies Does one person own more than 10% of all units If you answered yes to any of the three questions listed above you will … [Read more...]