|FHA approval: yes or no?||<– Date –> <– Thread –>|
|From: Deborah Carey (boiestergmail.com)|
|Date: Sat, 27 Sep 2014 14:03:19 -0700 (PDT)|
Hi, Our cohousing is considering getting FHA approval. My understanding is that FHA homebuyer loans allow for a lower downpayment, and other credit aspects that encourage lower income folks to purchase a place. I see also that the HUD has a website for finding them. https://entp.hud.gov/idapp/html/condlook.cfm. To decide we are creating a cost and benefit analysis. Can you briefly tell me what the advantages and the disadvantages have been for your cohousing if you decided to get FHA approval? If you decided not to get it, can you tell me if your reasoning was sound, or if you feel now that you should have done so? Could you also tell me if the community in which you built had requirements for low income units? Thank you, Deborah Carey boiester [at] gmail.com
FHA approval: yes or no? Deborah Carey, September 27 2014
- Re: FHA approval: yes or no? Ann Zabaldo, September 27 2014
- Re: FHA approval: yes or no? Raines Cohen, September 29 2014
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