FHA Changes

My last post was somewhat depressing if you are a condo buyer but on the bright side, I just met with Sarah Valentini, President of Radius Financial Group. During our meeting she did mention to me that HUD was reviewing their lending criteria and it is rumored that they will be doing away with their restrictions on condo associations with less than 4 units for FHA loans. Not sure when, but it appears to be coming down the pike.

A big Yay! for that.