FHA certification for condominiums. Useful info, answers etc.
President Obama has signed H.R. 3700 – the “Housing Opportunity Through Modernization Act” into law, which makes the Federal Housing Administration’s certification process “substantially less burdensome” and will lower FHA’s owner-occupancy requirement from 50 percent to 35 percent, NAR has reported. The bill also requires the FHA to replace an existing policy on transfer fees with [...]