Interested in applying to get your condo development approved for FHA financing? Here’s a quick overview of the documents necessary to submit your application. Read the rest of this entry »

In late 2009, HUD announced a new process for approving condo developments to be eligible for FHA financing on the units contained in them; unfortunately, a lot of people aren’t aware of the details of how the new system works, causing issues for sellers, buyers, agents, and condo associations alike. Here is a quick overview of how interested parties can get a condo development FHA-approved, including ways that the Ethical Homes team can help to expedite the process. Read the rest of this entry »

For borrowers who currently have FHA mortgages, using an FHA Streamline Refinance can provide significant savings, and can often also allow minimal documentation and looser underwriting guidelines, which in some cases can allow refinances for borrowers/properties that otherwise might not be eligible for refinances. Read the rest of this entry »

Most lenders cannot get underwriting approval for mortgages on condos in developments with a high proportion of investors vs. owner-occupants; many options do exist for condos with investor ratios of up to 49%, however, and for borrowers who are putting at least 20% down, investor ratios can sometimes be even higher. Read the rest of this entry »

Thinking about greening your home, but don’t know where to start? Read the rest of this entry »