Well you’ll be pleased to know there are one or two exceptions – but they’re a rare find.
Condos that are FHA approved or Fannie Mae approved can still generate loans because they meet guidelines which suggest that the community is viable: guidelines with respect to number of investors, number of COA defaulters etc. etc.
Orlando Condominiums that are approved include Mirabella near Disney, andÂ Millennium Palms and Stonebridge Reserve (pictured) in MetroWest. For more info on exactly how FHA lending works or a tour of these communities, just give us a bell! If your not a cash buyer, it’s the only way your going to buy a condo for the forseeable future.