(UPDATED AS OF JANUARY 25TH 2013)
To qualify for an FHA loan in Travis County the purchase price of the residence must be under $288,750. For FHA loans, you only need at least 3.5% down payment. Consider downtown Austin condos like the Avenue Lofts or the the Shore Condos, two of the five downtown buildings that are FHA approved condos.
FHA approved downtown Austin condos:
- 360 Condos
- 904 West (expired as of 10/02/2012)
- Avenue Lofts (expired as of 10/02/2012)
- Posada Del Ray
- The Shore Condos
FHA approval has ZERO to do with the quality or desirability of a building. In fact, it is smart Home Owner’s Associations and developers that open up their projects to as many financing options as possible.
-Jude
Hello I was wondering if I had a bad credit/debit can use the FHA program and lets say that I have lived In ameria for almost 5 years I am a student now there and I have filed bancrusy so I need to buy a condo as soon as I can the problem is that they don`t let me to use the FHA program . I do not know where to go or ask and ask for what how to take a credit from a bank to buy a condo , please I need help , or advice anything
My e-mail is hellriver@abv.bg if you have any ideals please write to me .
Yours sencerely H.Hristov
The homebuyer credit has been extended! This is great news for lots of buyers AND sellers.
http://www.msnbc.msn.com/id/33522046/ns/business-real_estate/
the Statesman just published a good article summarizing the $8,000.
http://www.statesman.com/news/content/business/stories/statesmanhomes/2009/10/11/1011firsttime.html?cxtype=rss&cxsvc=7&cxcat=3
I’m pretty sure the Nokonah is FHA certified as well.
Hi Carter, according to the HUD website, the Nokonah is not listed as FHA approved.
Does the FHA approve loans for condos where less than 50% of the units are owner-occupied?
No. A minimum 51% owner occupancy is required.