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:
National Military Month
November is National Military and Veteran’s Month. Originally established in 1996 by collaboration of the US Government and the Armed Services YMCA, this annual tradition is designed to remember those servicemembers and their families currently deployed as well as those that have served in the past.
Several promotions and offers are available nationwide in appreciation for your service.
The Servicemebers Civil Relief Act has a number of safeguards in place for members experiencing financial challenges.
See the link below for more information!
Thank you for your service!