New FHA Rules Could Improve Financing on Dallas Condos

June 18, 2011 by · Leave a Comment 

FHA Financing on Condos in Dallas

FHA Financing Condos Dallas

FHA Financing Condos Dallas

President of the National Association of Realtors, Ron Phipps, is fighting for equal support on FHA condo financing.  Many home buyers around the U.S. are experiencing a great degree of difficulty obtaining FHA financing on condos, townhomes, and lofts.  Most will agree it is much easier to get financing on single family homes in today’s market compared to condominiums, town homes, and urban lofts.  On July 1st, the FHA will release new rules for condo financing which will greatly impact condo sales in the coming years.  Buyers and Sellers alike are hoping the FHA will adopt more lienent rules on FHA condo loans.

Many local markets around the U.S. have a significant inventory of new, pre owned, and foreclosure condominims.  One might think the downturn in condo sales is due to lack of buyer interest and current market conditions, but many local Realtors will confirm the decline in condos sales is mostly attributed to lending roadblocks, specifically FHA condo financing options.  Realtors in Dallas are finding a large majority of condo, townhome, and loft projects do not qualify for FHA financing.   Many 1st time home buyers looking to purchase Dallas condos are changing gears and settling with renting a condo in Dallas.

The new FHA financing rules will have a significant impact on condo sales throughout the United States.  For more information and updates on FHA Condo Financing, please visit Equal Treatment For Condo Financing.

Buy Dallas Condo | Rent Dallas Condo | Sell Condo in Dallas

If you would like to  more information on buying, selling, or renting Dallas condos, please contact DFW Urban Realty.  Our Dallas Realtors specialize in all types of condos in Dallas including mid rise, high rise, condo apartments, and condo loft conversions.  Whether you’re looking for a high rise condo in Downtown Dallas or a mid rise condo in North Dallas, we’ve got you covered!  Search Dallas condos for sale or condos for rent in Dallas by city, zip code, address, subdivision, condo building, school district, or our new map with listings of recently sold condos in Dallas.  Be sure and ask of our agents about special discounts, inventives, and cash rebate rebate up to $500 on condos for rent in Dallas.

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