Attention Homeowners

Condos!!!  Have you thought about purchasing a condo? Are you using VA, reverse mortgage, or FHA financing to purchase?

This message is for you:

According to the Department of Urban and Housing Development (HUD), condo communities seeking to accept Government backed financing, such as; VA, Reverse Mortgages, and FHA loans to purchase their units are required to go through an approval process. The condo association would have to supply HUD with all of their financials, insurances, management agreements, and all legal documents.  HUD’s underwriters will review their package to determine whether or not the condo association is financially stable, properly insured, legally zoned, and free of discriminatory practices.

What does this mean for you? You can feel a lot safer knowing the community you're considering buying into was willing to go through a difficult and time consuming process of getting approved by the Government and that HUD found the community acceptable.

Regardless of what type of financing is being used, a community that’s forthright about their financials and its practices, is a good community to invest in.

Please click this link Approved Condos for sale to see 19 condos currently on the market in Philadelphia that's been approved by the Government. 

To learn more about any of these HUD approved condo communities or others, contact me, Marianne Holt, Realtor at 267-474-5714 or email me at marianneknowscondos@gmail.com.

If, you are a property manager or part of a condo association or condo owner or developer and would like to get your community approved, I can help you with that too.


Take care of you and yours...