Fannie Mae will now allow an FHA-approved project to be acceptable as long as the project was approved by FHA. This is only eligible for established projects, not new or newly converted condo projects. The condo must have been approved through a specific FHA process, so call me for details before you list or buy a property!
Related Article Title: Fannie Mae Selling Guide Announcement SEL-2018-05 – Dated June 5, 2018 – NEW CHART-Manufactured Homes-All Agencies-UPDATED Chart-Condo Project Reference Chart-UPDATED MTPs™ Fannie Condo Project Approval Rules-Fannie Prohibited Condos By: Lloyd Rutherford, Staff Writer Manufactured Homes are becoming a strong and viable alternative in areas where prices have become unaffordable for many buyers. […]