# FHA-approved Condos ... how, why, why not?

**URL:** <https://boards.straightdope.com/t/fha-approved-condos-how-why-why-not/495138>\
**Category:** Factual Questions\
**Created:** [May 3, 2009, 1:06am UTC](https://boards.straightdope.com/t/fha-approved-condos-how-why-why-not/495138 "2009-05-03T01:06:00Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![toadspittle](https://avatars.discourse-cdn.com/v4/letter/t/c0e974/32.png) [@toadspittle](https://boards.straightdope.com/u/toadspittle)\
**Post date:** [May 3, 2009, 1:06am UTC](https://boards.straightdope.com/t/fha-approved-condos-how-why-why-not/495138/1 "2009-05-03T01:06:00Z")

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I’m on the board of a new condo HOA. One of our homeowners, looking to refinance, has asked if we could apply for FHA approval for the HOA.

I know zip about this subject. What are the pros and cons of FHA approval? What is required for FHA approval? From the FHA’s standpoint, what is the point? What are they looking for?

(We are 100% sold, by the way.)

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**Author:** ![toadspittle](https://avatars.discourse-cdn.com/v4/letter/t/c0e974/32.png) [@toadspittle](https://boards.straightdope.com/u/toadspittle)\
**Post date:** [May 3, 2009, 5:05pm UTC](https://boards.straightdope.com/t/fha-approved-condos-how-why-why-not/495138/2 "2009-05-03T17:05:17Z")

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Anyone?

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**Author:** ![Green\_Cymbeline](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/green_cymbeline/32/9244_2.png) [@Green\_Cymbeline](https://boards.straightdope.com/u/Green_Cymbeline)\
**Post date:** [May 3, 2009, 7:06pm UTC](https://boards.straightdope.com/t/fha-approved-condos-how-why-why-not/495138/3 "2009-05-03T19:06:40Z")

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I swear I read an article about this recently, maybe in the Washington Post. Let me try to find it for you…

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**Author:** ![Green\_Cymbeline](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/green_cymbeline/32/9244_2.png) [@Green\_Cymbeline](https://boards.straightdope.com/u/Green_Cymbeline)\
**Post date:** [May 3, 2009, 7:10pm UTC](https://boards.straightdope.com/t/fha-approved-condos-how-why-why-not/495138/4 "2009-05-03T19:10:11Z")

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This is it: [New Condo Loan Rules Put More Scrutiny on Neighbors](http://www.washingtonpost.com/wp-dyn/content/article/2009/04/24/AR2009042403747.html)  
About halfway down (or page 2 or the article) is where it talks about FHA approval.