Table of Contents

5 min read Mar 29, 2023

FHA Approved Condos: Everything You Need to Know

FHA approved condos are properties that are approved for financing through the Federal Housing Administration (FHA). This approval means that the condo meets specific standards, making it a more secure investment for buyers.

This article will look into why FHA approval is essential before buying a condo. Further, we’ll let you know how you can find such a house quickly.

What is an FHA-Approved Condo?

An FHA-approved condo is a condominium project that has been certified by the FHA. So, it meets certain eligibility requirements for FHA financing. This means that buyers planning to use an FHA loan to buy their condo can only purchase an FHA-approved condo.

An FHA-approved condo must meet a range of criteria, including ownership and occupancy requirements, financial stability, insurance coverage, and maintenance standards.

Benefits of Buying an FHA-Approved Condo

Buying an FHA-approved condo comes with a range of benefits:

  • Access to FHA financing
  • Lower down payment requirements
  • More flexible credit score requirements

Additionally, FHA-approved properties are subject to strict financial stability, insurance coverage, and maintenance standards. This provides buyers with greater confidence and security in their investments.

FHA Approval Requirements for Condos

A condo project must meet specific requirements to be eligible for FHA financing. These requirements ensure the project is financially stable and meets basic safety and livability standards.

Some of the requirements for FHA approval include the following:

  • At least 50% of owners must occupy the condo project.
  • A single investor cannot own more than 10% of the units in the project.
  • The condo association must maintain adequate insurance coverage.
  • The project must comply with applicable zoning and building codes.
  • The project must not have any pending litigation that could negatively impact the value or marketability of the units.

Pros and Cons of FHA-Approved Condos

An FHA-approved condo may seem like an added burden when buying a new home. But, look at the pros and cons before making a decision:


Buying an FHA-approved condo can have several benefits, including:

  • More accessible financing: FHA-approved condos are eligible for FHA loans, which offer more flexible credit and income requirements and a lower down payment than conventional loans.
  • Community Amenities: Condos that meet FHA approval requirements are likely to have well-maintained common areas and amenities, such as pools, fitness centers, and community rooms.
  • Resale Value: FHA-approved condos may have higher resale values because they are eligible for FHA financing, which can increase the pool of potential buyers.


Buying an FHA-approved condo may also have some potential drawbacks, including:

  • Limited selection: The FHA doesn’t approve all condos, which can limit the selection of available units.
  • Higher fees: Condos that meet FHA approval requirements may have higher fees and assessments to cover the costs of maintaining the property to FHA standards.
  • Property restrictions: FHA-approved houses may have restrictions on rentals or other property uses that can limit the owner’s flexibility.


FHA approval is a crucial consideration for condo buyers who want to take advantage of FHA financing and the benefits that come with it. Buyers should know the requirements and process for obtaining FHA approval and carefully weigh the pros and cons before deciding.


fha condo approval, fha loans for condos, fha approved condo list, fha loan condo requirements, fha condo lookup, fha condo approval list, condo fha approved, hud approved condos, fha condo loans, approved fha condos, can you buy a condo with an fha loan, fha loan for condo requirements, what is fha approved, fha condos approved, fha for condo, fha approved condominiums, fha spot approval, fha approved townhomes, fha for condos, fha condo list, hrap condo, fha eligible condos, fha condo approval requirements, fha condo approved, fha approved condos list, can i buy a condo with an fha loan,

can i buy a condo with fha loan, can you get a condo with an fha loan, buying a condo with fha loan, fha loans and condos, fha and condos, can you buy a condo with fha loan, fha loan on condo, how to get a condo fhaapproved, what does fha approved mean, can i get a condo with an fha loan, fha condo financing, do condos qualify for fha loans, fha on a condo, hud approved condo, hud fha approved condos, can you use an fha loan to buy a condo, how to get fha approved, hud condo approval, condominium fha approval, fha condo spot approval, can you get an fha loan on a condo,

fha condo eligibility, can i get an fha loan on a condo, fha condo listings, fha approved condos sale, fha approved townhome, why would a condo not be fha approved, list of fha approved condos, can i get an fha loan for a condo, spot approval fha condo, is my condo fha approved, do condos accept fha loans, fha list of approved condominiums, can you buy condo with fha loan, fha single unit approval, can you buy a condo with a fha loan, fha approved condominium, fha condo approval process 2022, what is fha approved mean, approved hud condos, can you get fha loan for condo


Save $20

On Silver & up plans

Use Coupon Code:

Need help? Call us on
(844) 448-0110