FHA Condos by City in Florida . FHA-Approved Condos are communities that have already been certified for use with an FHA Loan in Florida. Choose one of the 55 cities in Florida or 25 counties in Alabama with FHA Approved condominiums.
The FHA mortgage program encourages condominium ownership, in which the separate owners of the individual units jointly own the development’s common areas and facilities. It is one particularly popular alternative to traditional home ownership.
With more than 8.7 million condo units nationwide, only 17,792 FHA condo loans have been originated in the past year. NAR.
WASHINGTON – Thousands of condo-unit owners and buyers could soon be in line for some welcome news on mortgage financing: Though officials are mum on specifics, the Federal Housing Administration is.