The search for the right condominium or townhouse can be a tedious process especially when you’re looking for FHA approved condos . Don’t risk the disappointment of finding the one you love and then learn from your lender that does not have FHA approval.
How Do You Know If A Condo Complex Is FHA Approved?
If you’ve interested in selling your condominium or have been qualified for FHA financing and are looking to purchase a condo or townhouse it is critically important to know which complexes are on the FHA Approved Condominiums List.
A FHA mortgage is an attractive financing option than conventional loans for more and more buyers today however if they find a property that meets their needs it may not meet the guidelines and requirements for FHA loan approval.
Sellers can be negatively impacted if their unit is in a complex that does not have condominium approval from FHA. It can cause a property to sit and linger on the market for a longer period of time due to its lack of appeal to a growing pool of the new buyers who are making up a bigger share of the real estate market..
Without FHA approval only cash buyers or buyers who have the ability to qualify for financing options outside FHA will find your unit desirable and may cause a property to be sold below market value.
List of FHA Approved Condos
The following condo projects in New Haven and the surrounding area currently have FHA condo approval at the time of the writing of this post and are subject to change.
Looking to buy a condo? Scroll through the approved condominium projects below to view all current properties on the approval list.
Foxwood Crossing I – Hemlock Road – approved until 07/03/2021
Greystone Manor – Manorwood Drive – approved until 6/29/2020
Island View Village – Baypath Way and Villlage Lane – approved until 10/10/2021
Island View Village II – Austin Ryer Lane – approved until 02/12/2021
Jefferson Woods – Monticello Drive – approved until 02/03/2023
Montoya – Montoya Drive – approved until 10/15/2022
The Meadows of Branford – Greens Farm Road – approved until 05/23/2020
Woodland Hills – Hampton Park – approved until 06/13/2021
Ives Hill – Ives Hill Court – approved until 02/26/2021
Brookside Commons– West Court – approved until 03/29/2020
Orangewood East – Shagbark Drive – approved until 03/27/2021
Orangewood West– New Haven Avenue (Orangewood West) – approved until 03/14/2020
Countryside – Redwood Avenue – approved until 11/15/2022
Eastwoods – Russo Avenue – approved until 3/20/2020
Silver Meadows – Silver Sands Road – approved until 5/25/2020
Thompson Gardens West – Thompson Street – approved until 11/04/2022
Walden III – Granite Road – approved until 08/28/2020
West River Village – Church Street – approved until 03/11/2021
Lake Point – Treadwell Street – approved until 11/22/2022
Lake Whitney Glen – Mather Street – approved until 10/24/2020
The Commons at Mill River – Washington Avenue – approved until 04/22/2021
The Hollows – Valley View Court and Valley View Drive – approved until 05/07/2020
Abbey Park – Abbey Lane – approved until 11/15/2022
Hidden Gables – Reservoir Avenue – approved until 06/10/2021
Mountain View – E. Main Street – approved until 07/06/2020
Roselyn Gardens – North Colony Road – approved until 06/13/2020
Spring Village – Leonard Street – approved until 09/16/2021
Sterling Village – Yale Avenue – approved until 05/17/2021
Villa East Estates – East Main Street – approved until 11/5/2020
Woodland Ridge – Woodland Court – approved until 01/09/2023
Glenwood A – Greenview Lane & Woodhill Road – approved until 6/20/2020
Ocean Crest – approved until 7/18/2020
Windgate – Foran Road – approved until 04/30/2021
Fort Hale Gardens – Woodward Avenue – approved until 02/07/2021
Sherman Court – Sherman Avenue -approved until 03/19/2021
North Farms East – Branford Road – approved until 06/07/2021
Georgetown Estates – Hartford Turnpike – approved until 11/12/2022
Quail Run Village – Elm Street – approved until 07/02/2021
Regency at Prospect– White Oak Drive – approved until 05/15/2021
Great Oak Ridge – Great Oak Ridge Way – approved until 11/29/2020
Brentwood Village – Spice Bush Lane – approved until 07/09/2021
Columbus Commons – Fern Avenue – approved until 05/08/2021
Harvest Hill – N. Turnpike Road – approved until 7/23/2020
Staffordshire Commons – Stephen Barberino Way – approved until 3/22/2020
Beacon Hills – Mohican Avenue – approved until 7/18/2020
Countrywood Hills– Hitchcock Road – approved until 9/25/2020
Cynthia Court – Anderson Avenue – approved until 10/3/2020
Oronoke Ridge – Oronoke Road – approved until 07/24/2020
Parkview– Park Road/Lakeside Boulevard – approved until 05/10/2021
Sunset Ridge – Grilleytown Raod – approved until 08/29/2021
Sunset Ridge – Grilleytown Raod – approved until 02/22/2021
Arrowhead by the Lake – Spindle Hill Road – approved until 7/18/2020
Shop FHA Approved Condos For SalePlease verify with your mortgage lender that the condo complex you’re interested in is still currently on the FHA condominium list.
This information is brought to you courtesy of Jamie Dumaine-Russell at RE/MAX Alliance. I am happy to be your neighbor and friend in real estate serving New Haven, East Haven, Branford and the Greater New Haven area including Hamden, North Branford, North Haven, Guilford, Madison, Milford, West Haven, and Wallingford. Please remember me for all of your real estate needs, and give me a call at 917-705-5675.