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Macomb County MI real estate blog

More phone calls about HUD approved condos and FHA financing

December 6th, 2011 · No Comments · Buyers agency, Condos in Macomb County MI, fha mortgages and first time home buyers

I’ve received a couple of phone calls within the last month from condo buyers (with their own buyers agents) who are stumped and confused about purchasing a condo with FHA financing.

(The part that confuses me is why buyers are confused when they have hired a buyers agent, but that’s food for thought for another article.)

Here’s the nitty gritty:   If the condo complex isn’t approved by HUD then you’re not going to be able to obtain an FHA mortgage.   (One caveat:  If it’s a HUD owned condo then HUD relaxes it’s own rules and you CAN obtain an FHA mortgage.)

There is an excellent resource put out by HUD that keeps a list that is up to date on whether a condo complex is approved.  Go to and you can search by zip code or city.    ( I do wish they had the capability of searching by county, as it would make things much easier for Macomb County buyers to search only those approved in Macomb County. )

Once you know which complexes are on HUDs approved list you can then ask your buyers agent to search the MLS for only condos within those complexes.

~Kris Wales~   A partner for your real estate needs in Macomb County MI
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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.