HUD recently mad changes to the FHA condo approval process by allowing
FHA loan on condos in non-FHA approved condominium complexes. In order to
do these loans, the lender must get something called a “Single Unit Approval”.
There is a process to this and while it is not as difficult as getting the entire complex
approved, there are still a number of hoops we have to jump through.
In the Reverse Mortgage minute video blog today, I compare the differences between
getting the entire condo complex approved to the new SUA process.
Please feel free to contact me with any question on my cell at 303-513-2748 or
e-mail me at firstname.lastname@example.org
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I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.