FHA approved condos in San Diego listed by home loan expert
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san diego, california (PRWEB) February 17, 2015
Kevin Leonard and his team of mortgage and real estate professionals are always updating new information regarding home loans and real estate market news. Their new webpage shows the latest information provided by Federal Housing Administration displaying FHA approved condos in San Diego. The list is compiled of only the FHA approved list, omitting those condominiums that were withdrawn, rejected or expired. Every year the FHA posts updated information about different condo projects and their current status. FHA eligible condo projects are those that have been declared, and exist in full compliance with applicable state law requirements of the jurisdiction in which the condominium project is located, including good standing with the State, and with all other applicable laws and regulations. The Federal Housing Administration insures condominium single unit loans for up to 30 year terms to purchase or refinance a unit in an FHA-approved condominium project. The condominium project must be primarily residential, and contain at least two units and can be detached, semi-detached, a row house, a walk-up, mid-rise, high-rise, including those with or without an elevator, or manufactured housing.
FHA does not and will not insure mortgages that are secured by units in certain kinds of condominium projects, regardless of the characteristics of the unit mortgage. Loans secured by units within the following types of projects are not eligible for FHA insurance. FHA reserves the right to determine the eligibility of condominium project types not addressed within their guide. The new webpage allows people to search for FHA-approved condominium projects in San Diego in order alphabetically. These condos are not for sale by the FHA, the FHA insures them which makes them eligible for an FHA condo loan. The team of mortgage experts recently posted new California 2015 FHA loan limits for entire state for all properties, residential and condos. Individuals looking to buy a condo in San Diego or want to search condos for sale in San Diego can contact the team and speak with an agent that is an expert in condominiums. To learn more about FHA approved condos in San Diego or how financing works for these properties talk to a San Diego FHA home loan expert by clicking the link.
Kevin Leonard began in the mortgage business in 1997 and since then he has become one of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best San Diego real estate agents for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To speak to a HECM reverse mortgage San Diego specialist by clicking on the highlighted links provided.
Phone: (858) 999-3737