FHA Extends Condo Lending Guidelines Through 2016

SOURCE: Mortgage News Feed

The Federal Housing Administration has announced it will be extending its condo approval guidelines through 2016, the administration announced through mortgagee letter 2014-17this week. There will be no changes to condo lending guidelines under the FHA from the most recent guidelines published in mortgagee letter 2012-18, FHA stated. Under the changes included in the 2012 mortgagee letter, condo lending requirements were eased slightly for lenders.

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