- Obama military strategy too weak for future security, panel reports
- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
- Boehner accuses Obama of ‘legacy of lawlessness’
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- Young adults shun Obamacare mostly due to cost: survey
- Stabbing attack on transgender girl, 15, was ‘bias motivated,’ police say
- LGBT adults still lean overwhelmingly toward Democratic Party
- Lawmakers rattled by Syria genocide horrors, call on Obama to act
By Ted Cruz
Israel saves its enemies; Hamas endangers its friends
Topic - Kevin Quaid
As a prospective homebuyer meeting with a lender, don't be surprised if the lender asks whether you are considering buying a condominium. While condo financing is not always necessarily more difficult to obtain than a mortgage for a town home or a single-family home, there are some differences.
"While being on the FHA approval list helps, it doesn't mean that lenders can automatically approve a loan," he said. "Condo developments evolve daily, so lenders will need to send a questionnaire to the condo management to make sure it still meets FHA requirements."
"As a starting point, condo buyers and their lenders can check the list that [the Department of Housing and Urban Development] has of condos approved for FHA loans," said Kevin Quaid, branch manager with the Fitzgerald Financial Group, a division of Monarch Bank in Alexandria.