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The FHA is getting ready to update its guidelines for borrowing on condos, townhomes and patio homes. Starting in February 2010, "FHA approved" will mean 3.5% down plus a financially stable association approved by your lender. This is huge and is a big reason for the associations who manage these communities to get their acts together.
This Condo is FHA-Approved (Or Not...)
Gilbert, AZ
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Tags: Phoenix real estate here in Phoenix FHA loan condo loan FHA approved
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