One of the problems, that the FHA buyers in the world run into on a routine basis, has to do with being able to find the properties that will finance using the FHA loan product. Most Fixer’s or Contractors Dreams, don’t qualify for FHA. [spatialmatch_popup id=1 appearance=link width=100%]Click here to view all of the FHA approved Real Estate for Sale![/spatialmatch_popup]
However, if you are approaching a Bank owned piece of property and you have your agent write the offer stating that you are going to use an FHA loan – and the bank accepts – they will bring the property to FHA standards.
Recently, FHA has removed their financing with some of the Condo and town-home complexes in Southern California – this includes those that are located within the Santa Clarita Valley.
At one time, before the fall, all of the townhome and condo complexes were approved for FHA – not that number has shrunk to below 25%.
[spatialmatch_popup id=1 appearance=link width=100%] <— Our FHA approved mapping systems will assist you with everything that is FHA and will show you what complexes and homes are “FHA approved”, or at least are according to the listing agents. That is my disclaimer. When we put a property on the market for sale, we make sure that it is up to various financing standards. We then place it in the proper category within the MLS so those looking to purchase homes, condo’s and townhomes with particular lending products, know what they are looking at when searching online.
Here are a couple of other websites that both Paris and I have built to assist with our REMAX relocation clients: