FHA approved condos are condominiums that meet the FHA/HUD minimum property requirements for FHA financing. FHA approved condos are generally approved for condo developments with  a high concentration of owner-occupied units, a strong condo association balance sheet, with no condo litigation.


  • 3.5% FHA mortgage down payment for- click link for-  FHA Approved Condo Mortgage Loans.
  • 100% financing for- click link for-  VA Approved Condo Mortgage Loans.
  • 3% down payment for – click link for- Fannie Mae Approved  Condo Loans.
  • 5% down payment Condo Mortgage For Owner Occupied.
  • 10% down payment for Second Florida Condo Mortgage.
  • 20% down payment for Investment Florida Condo Mortgage Loans.
  • 20% down for Jumbo Florida Condo Mortgage Loans.
  • Bank Statement Only Condo Mortgage Lenders


FHA mortgage loans for condominium loans can be more complicated than some other types of FHA mortgage loans due to the FHA has requirements places on FHA condo approvals. The FHA mortgage approval requirements should not discourage you from seeking an FHA mortgage for a condominium. However it is important for you to be aware of the rules in order to save time and begin the search for a new condo!

FHA Mortgage Loans are an important part of today’s housing market for Condo FHA mortgage applicants providing loan applicants with lowest down payment the most affordable, most-accessible payments for FHA mortgage applicants seeking to purchase a FHA approved condo.

Recently FHA mortgage lenders have lowered FHA minimum credit score requirements to as low as 580 with 3.5% down. And bad credit mortgage applicants can get approved for an FHA condo mortgage with as low as at 500 credit score with 10% downpayment; and the FHA has lowered its mortgage insurance premiums on all new FHA loans, which reduces “effective” FHA mortgage payments for first-time buyers, repeat buyers, and refinancing households, too.


  • Won’t accept the master condo Insurance policy.
  • Require 20% down payment.
  • Require at least 51% be owner occupied & second homes.
  • Is listed on their not lend list?
  • It’s a Non-Warrantable condo or a Condotel.
  • If you have the condo association budget and the condo questionnaire already completed please email it to us for approval.


 condo mortgage applicants will find that a mortgage loan approvals on a Condo is more complex than purchasing a single-family house, townhouse or villa. With condos there are additional requirements for these mortgage transactions. The Condo association must be approved via condo association questionnaire before you can secure condo mortgage approval.

If the condo is on the FHA Approved List you can purchase the condominium as  primary residence with a 3.5% down-payment.

 Fannie Mae Approved Condo Lenders
Primary Condo Residences Down payment: 5%
Second Condo Homes Down payment: 10%
Investment Condo Property Down payment: 10%

For Fannie Mae not Approved  Condos purchases, typically the minimum down payment is 25%.

We encourage that you put more money down so that we can waive the project approval requirements.

 Limited Review  Condo Lenders
Primary Condo Residences Down payment: 25%
Second 2nd Condo Homes Down payment: 30%
Condo Questionnaire: Not Required
Budget Review: Not Required

A Condo Limited Review Lender process used by Condo mortgage lenders on properties for  condo approvals. A full review can take time and can be costly and if the condo mortgage underwriter finds any flaws in the condo association’s financials and or if there are litigation issues, the condo mortgage loan applicant may get their condo mortgage loan application denied. Getting a Condo mortgage on a condo with limited review is the way to go for projects not approved by Fannie Mae.


In order to get a condo building “FHA-approved”, the FHA requires specific documentation which varies based on the condo building’s history.

Getting a condo “FHA-approved” can take as little as two weeks and as long as three months or more. The best way to get a condo FHA-approved quickly is to have the required paperwork handy, and ready to submit to the Federal Housing Administration.

Note that getting a condo FHA-approved is not the home buyer’s responsibility. Typically, the responsibility falls to the developer of the condo or an agent for the developer. For more established condo buildings, a condo association or management company will typically take the lead.

FHA Mortgage Condominium questions and Answers

FHA Mortgage Lenders By State: 
Florida   Texas  Georgia  Alabama  

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FHA-Mortgage-Lenders.com is not a direct FHA Mortgage Lender. Information on this site Is for example purposes and should not be relied on for decision making.

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