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Reach Properties | Keller Williams Realty Blog

Sunday, August 18, 2019   /   by Chris Cox

FHA Loosens Condo Lending Guidelines

The US Department of Housing & Urban Development(HUD) has long recognized that sweeping changes were needed to improve stagnant condo sales, and last week they finally announced their reform.





There are over 150,000 condominium projects in the US.  However, only roughly 6.5% of these projects have met the standards to be "FHA Approved" projects.  This has meant financing challenges for decades on some of the most affordable housing for first time home buyers.   As a result of this condominium sales have remained relatively stagnant despite an overall strong housing market.


These changes go into effect starting October 15, 2019, here are a few of the highlights.  The full rules can be found on the HUD website


 





A new single unit approval process for units in non-approved projects.  Sometimes referred to as "spot approvals".






FHA approvals now good for 3 years for approved projects.  This is up fr ...

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Sunday, February 16, 2014   /   by Julie A. Reisner

Bathrooms on a Budget? NO WAY!!!

This is an amazing article I found on HGTV on how to update your bathroom on a budget. I love the ideas and didn't realize that some of these amazing 'spas' could be mine! 
 
Check it out here: http://goo.gl/PVrrBQ
 
Call me if you are thinking about buying or selling your home in Wilmington. I'll get my experts right on it!
 
Julie Reisner
Concierge, Team Gasparovic/Keller Williams
910-632-0479
julie@teamgasparovic.com

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Reach Properties | Keller Williams Realty
1001 Military Cutoff Rd
Wilmington, NC 28405
910-264-0585

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