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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