Posts Tagged ‘baton rouge townhomes’
November 29th, 2009 | 
Author: http://www.batonrougerealtorhomes.net/ - Baton Rouge Realtor Homes: Is FHA Baton Rouge Condo Financing Evaporating?
Housingwire.com is reporting that FHA Condo Financing May Be Evaporating! Read the article here! Here’s a snippet:
“In a letter to lenders, the Federal Housing Agency (FHA) produced new guidelines that would constrict financing for condominiums. Since then, brokers and condo owners report that FHA financing for condos is going from a flood to a trickle.
In a letter released Nov. 6, the FHA provided temporary guidance effective for all case numbers assigned on or after Dec. 7, 2009 through Dec. 31, 2009. The FHA provided the letter to address current housing market conditions.
The spot approval process will be eliminated for all case numbers on or after Feb. 1, 2010 under the new guidelines. The FHA created the process, allowing consumers to purchase a unit in a non-approved condominium project that has limited FHA involvement.”
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Posted in Baton Rouge Real Estate, baton rouge condos, baton rouge garden district, baton rouge homes, baton rouge new homes, baton rouge real estate agents, baton rouge realtors, baton rouge townhomes, baton rouge townhouses, highland road corridor | 
Tags: baton rouge condominiums, baton rouge condos, baton rouge townhomes | 
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