If you’re planning to utilize FHA financing to purchase your next home, you have to use a little bit of caution when considering condos in Charlottesville, as not all of them are approved for FHA financing.
Check out the link below to see whether or not the condo you’re considering is approved for FHA;
If the condo community you’re considering is not on this list, you may need to check with your mortgage lender to see if you will be able to come up with an alternative type of financing. Additionally, if you live in one of the condos that is not able to provide FHA financing, you should be aware that it may limit the potential number of Purchasers who will have the ability to buy your home on the resale market!
Please give me a call if I can help connect you with a lender who may be able to help you find alternative financing, or get you pre-qualified!
[Photo Credit: http://www.radrounds.com]