Wednesday, September 7, 2011

Louisville Kentucky FHA Condo Loans Available 09/07/2011

Louisville Kentucky FHA Condo Loans Available 09/07/2011


Effective Wednesday, September 7, 2011, Louisville Kentucky FHA loans for Louisville Kentucky FHA-approved Condominiums will be available. The following are the guidelines for condominiums:

· Louisville Kentucky FHA Approved Projects only; For a current list, go to https://entp.hud.gov/idapp/html/condlook.cfm.

· FHA concentration within these projects may not to exceed 50%

· Site Condominiums are allowed and are not required to be a FHA Approved Project. A site condo is defined as a "totally detached single family dwelling".

· Not Allowed: Condotels, Timeshares or segmented ownership projects



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