• Michelle Cecchini

NEW FHA Condo rules

Updated: Jan 31

Effective October 15th

*The new policy will allow certain individual condominiums to be eligible for FHA insured financing

*Extends the re-certification process from 2 to 3 years for the condominium

*Allows more mixed use projects eligible with a maximum 35% commercial occupancy

*The building must have a minimum of 50% owner occupancy but with strong financials it can be as low as 35% owner occupancy

This is good news for buyers!

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“This company conducts business in accordance with all federal, state and local fair housing laws. It is our policy to provide housing opportunities to all persons regardless of race, color, religion, sex, familial status, handicap, national origin or sexual orientation. The company's fair housing procedures are not recommendations. They must be followed by everyone associated with the company.”

Michelle Cecchini, Broker & Owner


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