There is a new FHA Condominium approval rule as of October 15, 2019. The notable change in the rule is that it will allow some individual condominium units to be possibly eligible for FHA mortgage insurance even if the condominium project itself is not FHA approved. This is a big, positive change, as the approval [...]
2927 Katewood Ct is a great condo in the Greenspring East condominium development for RENT. *RENTED!* No longer available. It is in a very convenient location just south of the Greenspring Avenue exit off 695, and just north of the Quarry Lake Shops and eateries! Explore this Greenspring East condo for RENT at $1,400 per month... [...]
FHA condo recertification should get easier, thanks to the passage of H.R.3700 - Housing Opportunity Through Modernization Act of 2016 on July 14. It also lowers the current owner-occupancy from 50% to 35%, which should hopefully make more Baltimore County condominium communities eligible for FHA financing. Right now, there are a number of Baltimore County condo [...]
2927 Katewood Ct is a beautiful condo in the Greenspring East condominium development. *OWNER RENTED* It is in a very convenient location just south of the Greenspring Avenue exit off 695, and just north of the Quarry Lake Shoppes and eateries! Explore this Greenspring East condo for sale at $139,900... Click on Any Picture Below to [...]
FHA condo financing has gotten harder for many customers over the past few years. Luckily some changes announced in September could help. The National Association of REALTORS(R) broke down the changes: 1) Investors can buy up to half of project units. The maximum before was 10% investor-owned. 2) More commercial space is allowed in a [...]