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For buyers looking to purchase a condo with an FHA loan, things are about to change. Condo buildings must be approved by FHA in order to use an FHA loan on a condo in that building. In the past, it was possible to get a spot approval on the unit in a pretty timely fashion. That's no longer the case.
Condo projects that are not already FHA approved will need full approval for buyers to use a FHA loan to purchase the unit. The approval process is very lengthy and time consuming. Be prepared!
I have a list of approved projects in Georgia, so feel free to check with me if you are interested in a certain building.
Justin Landis
Keller Williams Peachtree Road
404-803-0471 cell
www.justinatlantahomes.com
justin.landis@kw.com
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