New FHA Condo Rules
The Federal Housing Administration has passed a monumental change to condo approval that will streamline the process and allow for individual unit approval under certain circumstances.
This is a huge for victory for home buyers and home sellers alike whose transactions can be thwarted when an association does not have FHA approval.
Under the new regulations, which go into effect October 15, 2019, recertification will be required every 3 years instead of 2, owner occupancy rates will be reduced to 50% for eligibility, and spot approval for individual units will be available if no more than 10% of the units in a community with more than 10 units, are FHA insured.
See the link below for more information:
Local Summer Activities
School is out! Keep your kids active and engaged with a number of local activities and promotions.
Planet Fitness is offering a free summer membership to high school students ages 15-18.
Enjoy a number of free local activities for all ages including an outdoor fountain, Salsa lesson, and more at Rockville Town Center.
Summer is a great time to grab a blanket and enjoy a free movie at a number of local venues. For those looking for the latest film at an affordable price, AMC offers discount Tuesdays.
For the kids and the kid at heart, Dave and
Buster’s offers half price games everyday from 10 am-12pm and all day Wednesday.
Get your Bowl on! Tuesday is $2 bowling and shoes at Lucky Strike! Bowlmor also offers a summer pass which includes daily bowling and shoe rental!