New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009
http://www.batonrougefhaappraisers.com/ – New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009 Peter G. Miller with www.fhaloanpros.com is reporting on new FHA mortgage rules for Condos, which take effect 10/1/2009. Here’s the link for the entire article and a snippet below: “At least 50 percent of the units of a project must be owner-occupied or sold to owners who intend to occupy the units. For proposed, under construction or projects still in their initial marketing phase, FHA will allow a minimum owner occupancy amount equal to 50 percent of the number of presold units (the minimum presales Continue reading New FHA Mortgage Rules For Greater Baton Rouge Condos Effective October 1 2009