When does a property for sale is considered FHA.. if it's a condo?

If I wish to buy a condo thrugh FHA, What do I need to know?


My agent does not know!When does a property for sale is considered FHA.. if it's a condo?
find out all the details about FHA. FHA loans may sound good, but when you go to sell your house you will find they are not so great. they do not base your payoff on your balance, they base it on market value. check into it. there are more options for first time home buyers or buyers with no money down. a house is a long term investment so you must think long term. and what sounds good now may not sound good later. check out all your options before making a decision.When does a property for sale is considered FHA.. if it's a condo?
FHA provides loans that help many people buy homes at better rates with less money down and any loan officer should be able to tell you if you qualify for a FHA loan. HUD is a US department that also offers foreclosed homes for sale when people with FHA/other gov. loans default on them have them taken back as well as subsidized homes. Real estate brokers have to be registered to bid on HUS homes and there are usually several HUD capable agents in any area. Below is the website for FHA and it is pretty informative. If your agent doesn't know what FHA is or what they do, then as an agent, I am telling you to find another one. :) Seriously.





http://www.hud.gov/buying/index.cfm