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New rules could make it easier to get mortgages for condos

2019-08-14  · This final rule implements HUD’s authority under the single- family mortgage insurance provisions of the National Housing Act to insure one-family units in a multifamily project, including a project in which the dwelling units are attached, or are manufactured housing units, semi-detached, or.

At that point, the S&P was up a solid 15.8% in 2006 and would gain another 11.4. jobs were added compared to 160,000. Our collection of mortgage infographics provide easy to understand insights for loan officers who want to increase their business opportunities in the mortgage industry.

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As the nation becomes more diverse and the way that its citizens earn a living and pay their bills more varied, the rules that determine who gets a mortgage. to make up more than three-fourths of.

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For instance, to get a Fannie Mae mortgage for a condo, the condo also needs to be on a list of approved or warranted buildings or developments. The rules include such things as commercial space like restaurants or stores shouldn’t make up more than 10 percent of the building’s space, Trungale says.

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Changes to the Condo Act will reduce requirements needed to get installation approval.

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2019-08-14  · WASHINGTON (AP) – The Federal Housing Administration is changing regulations to make it easier for more first-time condo buyers to receive mortgages. The federal agency released new guidelines Wednesday for the types of mortgages it will insure at condominiums. Just 6.5% of the 150,000 condominium

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