The Federal Housing Authority (FHA) removed some restrictions on condominiums mid-October affecting FHA approval. Nationwide there were only about 3.9% of condo buildings that had FHA approval. As of mid-October 2019 the percentage of buildings that qualify for FHA approval is now close to 96%. This is a huge game changer for first time home buyers. In the Denver market this affects condos though out the city from Wash Park / Cap Hill to the suburbs from Aurora to Arvada, Castle Rock to Thornton. These exciting changes affect not only buyers but also those condo owners looking to get top dollar for their condos. Are you curious if your condo qualifies Click Here and send me a message. First Time homebuyers curious how this changes your buying power Click Here.
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