Five Questions for The U.S. Department of Housing and Urban Development

 1. What condominiums are impacted by the new approval process and insurance requirements?

Any condominium project not currently on HUD’s approved list or those projects that require recertification.  Condominiums can see if they’re approved by clicking HERE. The database is searchable by city, state, zip code or condominium name.  The list indicates if a communities approval has already expired or when its expected to expire.  If your community isn’t listed, its likely that it never had approval.

2. What happens to a condominum if its certification is expired?

It is reflected on HUD’s condominum list as an expired project, and no new FHA case numbers may be assigned; therefore, no new FHA loans may be insured on the project.

3. What does a condominium need to do to get re-certified? 

The instructions are contained on the FHA condominium mortgage insurance page.  You may also contact your property manager who, for a fee, can facilitate the application and approval process.

4. When can condominiums get recertified?

Approved condominiums must be recertified every two years.  The projects may be recertified six months prior to expiration of the approval or six months after expiration.

5. How long does the approval process take?

It may take up to 30 days from the date the package is received for review.  If a package is incomplete, it could take longer.

Cortesy of Vicki Bott, Deputy Assistant Secretary for Single family Housing, U.S. Department of Housing and Urban Development.