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FHA Condo Financing & Stunting Real Estate Recovery

Blog Contributor Business Challenges, Condominiums, FHA Programs 9 Comments

By Laura Rubinchuk

When I heard about the new FHA DELRAP/HRAP guidelines for condo financing, my gut reaction was, “Well, I might as well go find another job.” Some of the subjective guidelines for the new approval process will greatly affect my market:

-Proximity to a noise (i.e. busy streets, highways) -Proximity to a gas station -Percentage of commercial space