FHA loans are the most popular loan program for first-time homebuyers. Borrowers can take advantage of down payments at little at 3.5% and they allow for more lenient credit guidelines. Since home prices are steadily creeping higher, first-time homebuyers gravitate towards condos and townhomes, but find out quickly that it can be quite difficult to find condos that are on the FHA approved list for FHA financing.
Single family homes do not need to be approved by FHA like condos and some townhomes, so if you are looking to use an FHA loan on a single family home, your good to go!
Here is a quick list of the FHA approved condominium communities. Please keep in mind this is subject to change and expire, we will do our best to stay up to date with the FHA approved list. If you are ever in question, best to contact us first!
- Acacia (also known as Altair at Green Valley)
- Affinity in Summerlin - BRAND NEW condos & townhomes
- Canyon Willow
- Canyon Willow Pecos
- Club Marbella
- Decatur Mountain Villas
- Duck Creek Village
- Echo Bay
- Echo Glenn
- Elan
- El Parque
- Garden Terrace in Summerlin
- La Posada in Summerlin
- Mar-a-Lago
- Mariposa
- Newport Lofts
- Pacific Deerfield
- Pacific Legends West
- Red Hills in Summerlin
- Solana Del Mar at Painted Desert
- Turning Point at Painted Desert
- Serenade in Henderson
- Winchester
If you have any questions about an FHA approved condominium, feel free to contact us.
Aundrea Beach-Greco
Mortgage Advisor, CMPS
NMLS 333739
702-326-7866
info@aundreabeach.com
www.AundreaBeach.com
