Getting Condos FHA Approved in The DC Area

Chris Washburn at MetLife Home Loans is an excellent source to see if it is possible to qualify a new condominium development or existing condominium community for FHA Mortgage Financing.  If you are looking for an FHA mortgage and not sure if a condo you like is FHA approved you can go to https://entp.hud.gov/idapp/html/condlook.cfm.  Otherwise contact me at bill@billreuther.com or Chris Washburn at cwashburn@metlife.com for more details about the FHA condo approval process.  This is a great way for sellers to enhance the purchasing power of would-be buyers.  And for buyers, FHA offers great, competitive rates with as little as a 3.5% downpayment.  FHA programs may be a standard 30 year fixed mortgage, but there are FHA adjustable rate products too, like 5 and 7 year ARMS with current rates below 4%.  Happy home buying....